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Editor
Rómulo Chumacero
Executive Editor
Andrea Sandoval A.
Detalle / Detail
Top Incomes in Chile using 50 years of household surveys: 1957-2007
Authors: Sanhueza, Claudia; Mayer, Ricardo
Vol. 38, Nº 1, pp. 169 - 193 , 2011
Jel: D31, J6

Using household surveys that cover more than 50 years of the political and
economic history of Chile, we investigate changes in the shape of the distribution
of income in Chile, and in the composition of top 10% and top 1% incomes.
In line with international evidence, top incomes concentration appears to be
countercyclical in the short run. For the entire length of this survey, this concentration
shows roughly an inverted U-shape, peaking at the end of the 80s.
These changes correspond approximately with different economic policy regimes
prevailing in Chile. We observe important changes in the composition of top
income groups related to greater relative importance of women, employees and
college schooling levels. These changes are stronger for the top 10% than the
top 1% of incomes. Additionally, using a national level panel of households for
the period 1996-2006 we explore correlations between probabilities of permanence
and arrival to the top decile with variables such as composition of the
household, ownership of physical and human assets, job quality and changes
in the numbers of household members working in the labor market.

Using household surveys that cover more than 50 years of the political and
economic history of Chile, we investigate changes in the shape of the distribution
of income in Chile, and in the composition of top 10% and top 1% incomes.
In line with international evidence, top incomes concentration appears to be
countercyclical in the short run. For the entire length of this survey, this concentration
shows roughly an inverted U-shape, peaking at the end of the 80s.
These changes correspond approximately with different economic policy regimes
prevailing in Chile. We observe important changes in the composition of top
income groups related to greater relative importance of women, employees and
college schooling levels. These changes are stronger for the top 10% than the
top 1% of incomes. Additionally, using a national level panel of households for
the period 1996-2006 we explore correlations between probabilities of permanence
and arrival to the top decile with variables such as composition of the
household, ownership of physical and human assets, job quality and changes
in the numbers of household members working in the labor market.

Key Words: Income distribution, Income mobility.

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