Bosch, M.J., García, C., Manríquez, M. & Valenzuela, G. (2018). Macroeconomía y conciliación familiar: el impacto económico de los jardines infantiles. Trimestre Económico.

Abstract

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.

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