Application of the Kalman Filter to the Estimation of Variable Elasticities in the Chilean Labor Market (1974-85)

Authors

  • Patricio Meller Corporación de Investigaciones Económicas para Latinoamérica, CIEPLAN
  • Raúl Labán Corporación de Investigaciones Económicas para Latinoamérica, CIEPLAN

Keywords:

Kalman Filter, employment, real wages, labour demand, variable elasticities, Chilean economy

Abstract

This paper aims to examine the changing nature of the relations between employment and real wages, and between employment and real output, in Chile during a period (1974-1985) which is plenty of structural reforms and policy changes. The application of the Kalman Filter serves our purpose of estimating changing elasticities.

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Published

2010-03-15

How to Cite

Meller, P., & Labán, R. (2010). Application of the Kalman Filter to the Estimation of Variable Elasticities in the Chilean Labor Market (1974-85). Economic Analysis Review, 2(1), 3–38. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/293

Issue

Vol. 2 No. 1 (1987)

Section

Articles