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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…  


Trapped: High Inequality and Low Growth in Latin America and the Caribbean

The report explores critical factors that underlie the mutual reproduction of high inequality and low growth: concentration of power, violence all its forms -political, criminal and social-, 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…  


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 Political Economy of The Telecommunications Reform in Mexico

The paper analyses the telecommunications and competition reforms implemented during the Peña Nieto administration in 2013-2014. It analyzes the economic impact as well as the political process that…  

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