Artículo de revista
A cohort analysis of the income distribution in Chile
Fecha
2011-06Registro en:
Estudios de Economía, Vol. 38, No. 1, Junio 2011, pp. 223-242
0304-2758
Autor
Sapelli, Claudio
Institución
Resumen
In this paper we look at the income distribution by cohort in Chile. We construct
a synthetic panel from cross section surveys and estimate the income distribution
for cohorts born between 1902 and 1978. We then decompose the evolution of
these distributions into age, year and cohort effects. The cohort effects show a
period where inequality increases, to then decrease. We attempt to explain this
evolution. The rise can be explained by variables associated with education,
while the fall appears to be the consequence of a flattening of the income-age
profile and hence a reduction in the returns to experience.