Reducing poverty and increasing wellbeing in developing countries have become central aims of both the national policy-makers as well as the international community. With the Millennium Development Declaration of 2000, the international community has agreed to focus on poverty reduction and the...

The causes and consequences of high inequality in incomes, assets, and many aspects of well-being in Latin America have recently (re-)emerged as a central research and policy issue. However, many open questions remain that will be dealt with in the contributions to this volume. First, the...