Although the wage distribution is central to analysing inequality issues, the provision of public services destined for t he poor can make an essential difference in evaluating inequality in welfare rather than in income. Whereas raising taxes to fund public services would lead to a...

Changes in technology and markets result in the transformation of economic structure: When labor is quasi-fixed due to short-term specificity, changing conditions may imply either temporary unemployment or the need of retraining to enable mobility across the sectors. There is an economy-wide...

Labour market condition have been very favourable in Uruguay in the last decade;however, the situation varies according to workers qualifications. This is so in terms of employment growth, unemployment rates, wage rates, and also in the presence of informality. This paper focuses on several aspects...

Some countries seem to be lagging behind in global accumulation of skills. As the ratio of skilled to unskilled labour is key for growth (e.g. endogenous growth theory), this situation suggests a gloomy future for developing countries. Is catching up with the developed world?s levels of skills...

Mientras las políticas educativas deben ser designadas con una perspectiva de largo plazo, considerando el desafío que el futuro puede acarrear, es la experiencia pasada la relevante para designar programas de capacitación que remedien la situación de los trabajadores golpeados. De acuerdo a...

This paper develops a non-linear DSGE model to assess the interaction between ex-post interventions in credit markets and the build-up of risk ex ante. During a systemic crisis, bailouts relax balance sheet constraints and mitigate the severity of the recession. Ex ante, the anticipation of such...

This paper proposes a theoretical model which incorporates capital accumulation and spatial spillovers across economies, while allowing for differences in absorptive abilities. This model is later estimated for a sample of 215 European NUTS2 regions, before and after the last enlargement of the...

Economic literature has examined the impact of education and factors endowment on individual preferences towards free-trade and immigration by focusing on the sign of an interaction term between the educational level and the Gross Domestic Product per capita. The aim of this paper is to...

A change in the syllabus of the subject “Mathematic Fundamentals for Social Sciences”, a mandatory subject belonging to the first semester of the general education level of all bachelors at the Facultad de Ciencias Sociales, Universidad de la República. The change also brought an important...