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This working paper presents findings from an evaluation of the impacts of immigration policies on the welfare of migrants and their families in migrant-sending countries, focussing on Mexico and Nicaragua (US policies in the first case and US and Costa Rican policies in the second).
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Persistence in educational achievements across generations in Latin America arises from high returns to education, low progressivity in public investment in human capital and lack of access to proper financing. Education and other social policies to boost upward mobility are discussed.
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In a sample of 128 countries, we identify 25 episodes of large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Results show that an exchange rate appreciation can have strong effects on current account balances.
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Social protection coverage is quite low in Latin America. This situation represents a challenge for public policy since these low levels of affiliation and irregular contribution histories indicate that pensions will be insufficient in the coming decades.
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Is the social contract in Latin America broken? This paper analyses empirically the relationship between fiscal policy, social mobility and democratic consolidation in Latin America and the Caribbean, using the 2007 and 2008 rounds of the regional Latinobarómetro survey.
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Many indicators suggested that Latin America has faced the crisis in a much better macroeconomic position that in the past. Is Latin America’s new resilience a permanent change?
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Is South America cursed by its natural resources? Does China’s penetration of the region renew the region’s comparative advantage in natural resources? Does South America’s trade specialisation stand in the way of regional integration? This paper tries to answer these questions.
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This paper combines development and growth accounting exercises witheconomic theory to estimate the relative importance of total factor productivity and the accumulation of factors of production in the economic development performance of Latin America.
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GDP per capita in Latin America has been falling behind high-income countries and other benchmarks for decades. in this paper, we explore some of the potential roots of this poor performance by using development accounting techniques.
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There is an increasing concern in the development community about the increase in the ‘feminisation of bad jobs’ of many developing countries. Indeed, recent analysis shows a growing proportion of women are in jobs with poor working conditions and low pay. But what is driving this phenomenon?