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El trimestre económico

versão On-line ISSN 2448-718Xversão impressa ISSN 0041-3011

Resumo

BOSCH, María José; GARCIA, Carlos J.; MANRIQUEZ, Marta  e  VALENZUELA, Gabriel. Macroeconomics and Family Conciliation: The Economic Impact of Childcare. El trimestre econ [online]. 2018, vol.85, n.339, pp.543-582. ISSN 2448-718X.  http://dx.doi.org/10.20430/ete.v85i339.316.

Background:

Chile is a paradoxical case in its economic performance in recent decades. Although this country has implemented significant pro-market modernization reforms, it has an unexpectedly low female participation rate, wasting a vital source of economic growth. Several studies indicate that the cause of this low female labor participation in Chile would be a low conciliation between labor and family life. This experience is an important lesson for other developing economies that want to implement similar reforms.

Methodology:

In this article, we estimate a general equilibrium model by using Bayesian econometrics to quantify the effects of work-family conciliation at the aggregated level, through the effect of childcare.

Results:

Taking the case of Chile, we estimate important gains in increasing conciliation levels due to an increase in productivity rather than an increase in the labor supply.

Conclusions:

The main economic policy consequence for other developing or emerging economies is that higher levels of conciliation have important effects on economic activity, exceeding the financing costs.

Palavras-chave : labor participation; families in macroeconomics; reconciling work and family life.

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