Tras decadas de estancamiento, la poblacion de clase media en America Latina y el Caribe ha aumentado en un 50%-de aproximadamente 100 millones de personas en 2003 a 150 millones (o un 30% de la poblacion del continente) en 2009. Durante este periodo, el porcentaje de la poblacion pobre...

Central Asia has a long history of external influences, ranging from the historical Silk Road, to annexation by the Russian Empire and incorporation into the Soviet Union. After more than a century of strong ties with Russia in political, economic and socio-cultural terms, since 1991, Central...

Low aspirations can limit households’ investments and contribute to sustained poverty. Vice versa, increased aspirations can lead to investment and upward mobility. Yet how aspirations are formed is not always well understood. This paper analyzes the role of social interactions in determining...

This paper validates a recently proposed method to estimate intra-generational mobility through repeated cross-sectional surveys. The technique allows the creation of a "synthetic panel" - done by predicting future or past household income using a set of simple modeling and error structure...