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Regional Human Development Report 2021 | Trapped: High Inequality and Low Growth in Latin America and the Caribbean

Latin America and the Caribbean is a region of great contrasts, where wealth and prosperity coexist with vulnerability and extreme poverty. The list of contrasts is long and familiar. The region is…  



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…  


Implications of Minimum Wage Policies for Labor Markets with High Informality and Frictions

This paper develops a theoretical framework to study the impact of minimum wage policies on labour markets with high informality. The model is an extension of a search and matching model where firms…  


Informal and small: How Labor Market Institutions Affect Inequality, Income Volatility and Labor Productivity in Brazil

This paper outlines the main labor market regulations, social protection programs and tax regimes and how they affect formalization, inequality, income volatility, and firm size and productivity in…  


Inequality and Crime in Latin America and the Caribbean: New Data for an Old Question

The purpose of this paper is to study the relationship between inequality and crime, with a focus on the Latin America and Caribbean region. We find a significant, positive, and robust association…  


The Impact or Labor Market Institutions on Markups and Markdowns: Evidence from Manufacturing and Service Sectors in Uruguay

In 2005, after a leftist coalition won the national election for the first time, significant changes took place in labor institutions in Uruguay, including the establishment of sector-level wage…  


The changing picture of inequality in Latin America

This paper characterizes patterns and changes in economic inequality in Latin America for the period 1992-2018, based on harmonized microdata from around 350 national household surveys of all the…  



Executive Summary: Caribbean Human Development Report

This Report is an invitation to go beyond the traditional notion of vulnerability, focused on states, and to carefully analyze the multiple dimensions of vulnerabilities and resilience of peoples,…  

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