As well acknowledged in the literature, housing is often the dominant consumption good for most households. As such, it should be included in a comprehensive welfare aggregate to measure people's living standards accurately. However, assigning a value to the flow of the dwelling for homeowners...

Demographics, labor income, public transfers, or remittances: Which factor contributes the most to observed reductions in poverty? Using counterfactual simulations, this paper accounts for the contribution labor income has made to the observed changes in poverty over the past decade for a set of...

This document presents a discussion of vulnerability estimates – defined as the risk of being poor in the future – in Latin American countries from both a conceptual and an empirical perspective, based on recent developments in the distributive literature. The document develops two main...