Latin America is known as the most unequal region in the world. However, the effect of income inequality on people’s welfare is still an open question. This paper assesses the relationship between income distribution and welfare by considering the levels of happiness reported by people. The...

El modelo de sustitucion de importaciones se caracterizo por ser excluyente, lo que explica los niveles de pobreza al finalizar la decada de los setenta. En la decada de los ochenta, se trazaron nuevos planteamientos de estrategia y politica economica. El balance a principios de los noventa...