Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/336386 
Year of Publication: 
2023
Citation: 
[Journal:] Latin American Journal of Central Banking (LAJCB) [ISSN:] 2666-1438 [Volume:] 4 [Issue:] 4 [Article No.:] 100102 [Year:] 2023 [Pages:] 1-15
Publisher: 
Elsevier, Amsterdam
Abstract: 
We compute and characterize several labor flow measures using administrative tax records for all formal Chilean firms and employees. Our results show that labor mobility in Chile is significant by international standards, with the reallocation rate averaging 37% over the last decade, the highest value among the 25 OECD countries with comparable data. The magnitude of labor reallocation is highly heterogeneous among firms and industries, highest in Agriculture and Construction. Job reallocation is also high for smaller companies, primarily due to high firm creation and destruction rates, and for firms that pay lower wages. Finally, there is a significant procyclical behavior of workers' entry rate and, in smaller magnitude, a countercyclical reaction of the exit rate, consistent with international evidence that shows job creation as the main adjustment mechanism over the business cycle.
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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