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Purpose-driven companies and the regulation of the Fourth Sector in Latin America

This document aims to contribute to the systematization of knowledge about purpose-driven companies worldwide and to the consolidation of a legal framework to boost their positive impact in…  


Time for a New Course: An Essay on Social Protection and Growth in Latin America

We develop a framework to analyze the effects of social protection policies on two dimensions: their efficacy to protect households against risks, reduce poverty and mitigate inequality; and their…  


Labor-Market Concentration and Earnings: Evidence from Chile

This paper studies the effect of labor market concentration on earnings in Chile over 2005- 2019  



The invisible COVID-19 graveyard: intergenerational losses for the poorest young people and actions to address a human development pandemic

The pandemic’s impact is unequivocally unequal. This is true for educational opportunity and outcomes as well as other dimensions: the poorest are far more vulnerable to the economic, health and…  


The Latin American Growth Shortfall: Productivity and Inequality

We analyze the per capita output growth performance since 1960 of countries in Latin America and the Caribbean (LAC) and assess the respective contributions of production factors and productivity…  


How do Labor Unions Affect Inequality and Efficiency in Latin America and the Caribbean?

This paper posits that we have a limited understanding, both theoretically and empirically, of how labor unions affect welfare in the LAC region. Alternative approaches developed in other contexts,…  



Big business and the inequality trap in Latin America: Taxes, Collusion, and Undue Influence

Big business in Latin America has enormous instrumental power (through mechanisms such as lobbying, media concentration, and malapportionment) and structural power (via capital flight and the threat…  


Longer-run perspectives on intergenerational mobility in Latin America: 1933-1992

This background paper shows the development of intergenerational mobility of education in Latin America for people born between 1933 and 1992. New estimates for relative and absolute educational…  

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