Labor force participation in Chile : recent trends, drivers, and prospects /

Labor force participation in Chile : recent trends, drivers, and prospects /

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Bibliographic Details
Author / Creator:Blagrave, Patrick, author.
Imprint:[Washington, District of Columbia] : International Monetary Fund, 2017.
©2017
Description:1 online resource (26 pages) : illustrations (some color), tables, graphs.
Language:English
Series:IMF working paper ; WP/17/54
IMF working paper ; WP/17/54.
Subject:
Labor supply -- Chile.
Labor supply.
Labor market.
Labor demand.
Labor supply.
Chile.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11705217
Hidden Bibliographic Details
Other authors / contributors:Santoro, Marika, author.
ISBN:1475586906
9781475586909
1475586876
1475586213
9781475586213
Summary:Gains in labor force participation rates in Chile have slowed in recent years. We examine their determinants using a cohort-model analysis. Allowing for both age- and cohort-specific effects in the context of a seemingly unrelated regression equations (SURE) approach, we find that age factors play an important role in determining participation decisions, especially for males. For females, we find that strong positive time trends dominate the downward pressure from demographics, although those trends have recently dissipated. In addition, we find that both cohort effects and the business cycle shape participation decisions. Using our cohort-based analysis, we construct projections of participation rates, which suggest population aging will put downward pressure on labor inputs, and thus potential output, in coming years. Further increases in female labor force participation-supported by policies- could more than offset the downward pressure from demographics.
Other form:Print version: Blagrave, Patrick Labor Force Participation in Chile: Recent Trends, Drivers, and Prospects Washington, D.C. : International Monetary Fund,2017 9781475586213
Standard no.:10.5089/9781475586213.001

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