equalizing in Argentina, Brazil and Uruguay and also in Chile, Costa Rica and Ecuador but, in the latter, their effect is small … countries tend to redistribute more. Bolivia, Colombia, El Salvador, Guatemala, Honduras and Peru redistribute below the trend …; Chile, Ecuador and Mexico are on trend; and, Argentina, Brazil, Costa Rica and Uruguay redistribute above the trend. Fiscal …

) especially when compared with that found in Western Europe (15 percentage points on average). What prevents Argentina, Bolivia … and Brazil from achieving similar reductions in inequality is not the lack of revenues but the fact that they spend less …

), especially when compared with that found in Western Europe (15 percentage points on average). What prevents Argentina, Bolivia …, and Brazil from achieving similar reductions in inequality is not the lack of revenues but the fact that they spend less …