Description

This paper presents some stylized facts about the minimum wage and the labor market in Chile, using primarily Casen survey data and the Supplementary Income Survey (ESI). About 4% of workers (employees) are allocated to the minimum wage in Chile (Casen 2011). Whereas a static analysis, a minimum wage increase to $193,000 coverage imply that workers subject to minimum wage would increase marginally. In terms of economic sectors, agriculture, community and social services, and retail, covers 71% of the workers concerned by the minimum wage. When considering intra-sector statistics, the sectors with the highest fraction of workers covered by the minimum wage are agriculture (10.4%) and retail (4.9%).