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village, full insurance cannot be rejected, sug- gesting that relatives provide something close to a complete … would benefit from eliminating village-level risk, less-risk-averse households who are paid to absorb that risk would be …
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In village economies, insurance networks are key to smoothing shocks, while production networks can propagate them. The … suggests that the total magnitude of indirect effects may be larger than the direct effects and that social (village …
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How deep are the roots of Latin America's economic inequalities? In this chapter we survey both the history and the literature about the region's extreme economic disparities, focusing on the most recent academic contributions. We begin by documenting the broad patterns of national and...
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In the last three decades, two questions have been central for the Left. Is there a future for electoral socialism and social democracy? And, is it any longer possible to promote a significant redistribution of income in favour of labour? Political and economic events seem to suggest negative...
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