Using a panel of Uruguayan manufacturing firms we analyze the adjustment process in capital, blue collar and white collar employment. Our results confirm the lumpy nature of factor adjustment, the relevance of nonlinearities and the interdependence between factor shortages. The average annual...

Along the 1990’s there was an increase in the number of people who attended college in Uruguay, both in employment and in the labor force. This article seeks to find if there is evidence of overeducation at the tertiary level, defined as mismatch between supply and demand of that skill level....

Several studies estimate TFP for the Uruguayan economy at an aggregate level (Bucacos,2000; Blyde et al, 2004; Fossati et al, 2005; De Brum, 2004). Though they use generally similar estimation methodologies they find contradictory evidence. In this paper we discuss possible explanations to these...

El proyecto “El surgimiento de nuevas actividades exportadoras exitosas en América Latina” busca identificar los elementos claves en el proceso de descubrimiento de nuevas oportunidades de exportación en diferentes países de la región, con el objetivo de proponer políticas y reformas...

In this paper we analyze the correlation between measures of success (number of recordings, artistic income) over a sample of performing musicians. We obtain that women tend to record more than men but earn less artistic income; measures of success are correlated positively with broad measures of...

The main facts of the Uruguayan labour market along the nineties may be summarized in three main phenomena: increase in wage inequality with an increase of the skill wage premium and changes in the inter-industrial wage structure; destruction of unskilled jobs, associated to trade openness and...

Este documento presenta una revisión sistemática de la literatura económica reciente de las drogas, con especial énfasis en las ilegales. El trabajo es parte del Proyecto “Aporte universitario a un Debate Nacional de Drogas. Las drogas: problemas y potencialidades de la despenalización de...

This paper presents descriptive data about Uruguayan’s quality of life and spare time. The data is divided depending on sex, education, age and living place of the target people of this study. Four of five interviewed people reported feeling quite happy or very happy. However, degree of...

This paper develops a non-linear DSGE model to assess the interaction between ex-post interventions in credit markets and the build-up of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the anticipation of such...