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...

Utilizing data from the Health, Well-Being, and Aging Survey (La Encuesta sobre Salud,Bienestar, y Envejecimiento), this study analyzes the health status of adults over age 60 in five Latin American countries: Argentina, Brasil, Chile, México, and Uruguay. We employ ordered probit models that...