This paper analyzes the reasons behind Central Government (CG) bailouts of Subnational Governments (SNGs) in the case of Uruguay. We argued that Uruguay represents a good example of the risks of fiscal decentralization, in the context of adjustment policies, and when SNGs` responsibilities and...

This paper discusses how young people become adults in Latin America and how that process affects educational attainment. An examination of four countries at three levels of development shows that individuals` educational attainment is closely linked to the decisions that young people make...