Cambios demográficos y estructura salarial

Abstract

We decompose the Chilean labor force according to a sex, age and schooling classification, to analyze the dynamics of these groups and its associated wage structure.
Using data for the period 1965-2005, we find degrees of substitution and complementariness among types of workers. We find important changes in the labor force composition and in wage structure. In particular, we found a strong sensitivity of male wages to a re setting of the labor force, and a strong substitution between young men and women with high level of education. The results allow us to project the wage structure for the near future, expecting a reduction in the returns of high education and also a fall in gender wage gap.