Despite the recovery of economic growth in Latin America during the 1990s, rising unemployment, high informality rates and sluggish wages lie at the root of high inequality and poverty. This paper looks at changes in hourly earnings from the early 1990s to the early 2000s in three relatively...

Despite the recovery of economic growth in Latin America during the 1990s, rising unemployment, high informality rates and sluggish wages lie at the root of high inequality and poverty. This paper looks at changes in hourly earnings from the early 1990s to the early 2000s in three relatively...

The paper argues that 20 years of development have produced very mixed results in the economies and societies of Latin America. While the region was successful in reversing the large macroeconomic disequilibria of the 1980s, economic volatility persists, mainly associated with greater...