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This paper joins in the debate on the size of the middle class in Latin America, providing an analysis of its structure and characteristics. Using several measurements, it finds that 40-60 percent of Latin American households are middle class, a share which has consolidated over the past decade....
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Between 2000 and 2013, Latin America has considerably reduced poverty (from 46.3% to 29.7% of the population). In this …, and 14% of those in the middle-class, experience poverty at least once over a ten-year period. Furthermore, chronic … poverty remains widespread (representing 91% and 50% of extreme and moderate poverty respectively). Differences between rural …
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By studying the interaction between social capital and decentralization, we show that political decentralization can be a source of divergence across heterogeneous regions. In particular, we claim that since the local endowments of social capital display their effect on the economy mainly...
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