Using the 1996-2001 Chilean CASEN Panel Survey, this paper analyzes the impact on income of the switch from salaried employment to entrepreneurship (self-employment and leadership of micro-enterprises). By means of a difference-in-differences non-parametric matching estimator the paper...

Utilizando la encuesta chilena de datos de Panel CASEN 1996-2001, este trabajo analiza el impacto en los ingresos de trabajadores asalariados que se convierten en empresarios (es decir, trabajadores por cuenta propia y microempresarios). Mediante un estimador de diferencia-en-diferencias...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belize’s public finance to the occurrence of hurricanes...

(Disponible en idioma inglés únicamente) El principal objetivo de este trabajo es calcular la elasticidad de la sustitución de bienes no transables, poniéndole atención especial a los problemas empíricos relacionados con parámetros que varían en el tiempo, regresores omitidos y...

This paper`s main goal is to estimate the elasticity of substitution of non-tradable goods, paying special attention to empirical problems related to time-varying parameters, missing regressors and model misspecification. To that end, the paper creates a database and estimates, via three...

This study explores the determinants of corporate bond spreads in emerging market economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by firm-specific variables, bond characteristics, macroeconomic conditions, sovereign risk, and global...

Los desastres naturales son una importante fuente de vulnerabilidad en la región del Caribe. A pesar de ser una de las regiones del mundo con más altas probabilidades de desastres naturales, el Caribe tiene los niveles más bajos de cobertura de seguro. Este articulo examina la vulnerabilidad...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belize’s public finance to the occurrence of hurricanes...

This paper analyzes gender earnings gaps in Barbados and Jamaica, using a matching comparisons approach. In both countries, as in most of the Caribbean region, females’ educational achievement is higher than that of males. Nonetheless, males’ earnings surpass those of their female peers....

This paper surveys gender wage gaps in Colombia from 1994 to 2006, using matching comparisons to examine the extent to which individuals with similar human capital characteristics earn different wages. Three sub-periods are considered: 1994-1998; 2000- 2001; and 2002- 2006. The gaps dropped from the...