This paper analyzes the macroeconomic impact of China’s 2009-2010 fiscal stimulus package by simulating a dynamic general equilibrium multi-country model of the world economy, showing that the effects on China’s economic activity are sizeable: absent fiscal stimulus China’s GDP would be...

This paper empirically explores the effects of payroll taxes, value-added taxes and corporate income taxes on a variety of labor market outcomes such as employment, unemployment, informality, and wages. Using national-level data on labor variables for 15 Latin American countries, the results...

In the last decades, countries in Latin America and the Caribbean have experienced a dramatic increase in the levels of higher education enrollment. Using administrative data from Chile and Colombia, we find that this phenomenon is not always associated with higher private individual returns. In...

As is common in contentious public debates, different people mean different things by globalization.

En este documento se analiza la organización de las escuelas secundarias en América Latina y el Caribe. Se tratan temas como son la provisión de escuelas para un conjunto estudiantil cada vez más heterogéneo y la triple función de preparar a los alumnos para la educación superior, formar...

This paper examines the current status of secondary education in Latin America in the context of world-wide economic changes and identifies a wide variety of policy options for ensuring that secondary education can play a positive role in the region's economic and social development. The paper...

This document surveys Bank lending operations designed to fight poverty and enhance social equity, with emphasis on recently approved projects with innovative components. It also surveys a broad range of poverty-related non-lending activities carried out by the Bank over the past two years. It...