This study analyses the distributive consequences associated with the recent international food price crisis in the Andean region. The study explores the distributive repercussions of the crisis by means of a simple simulation exercise which isolates the direct and short-term effects of actual...

In this paper we analyze the structure of adjustment costs for labor. In particular, the question whether hiring and firing costs are asymmetric is addressed. We maintain the standard assumption of quadratic adjustment costs, but allow the multiplicative coefficient to differ for the firing and...