(Disponible en idioma inglés únicamente) Este trabajo se concentra en la conexión entre la inestabilidad del ingreso y la acumulación de capital humano en presencia de factores que limitan el crédito. También se estudia el efecto que tiene la desigualdad del ingreso en la acumulación de...

The focus of this paper is the link between income volatility and the accumulation of human capital in the presence of credit constraints. Also, the effect of income inequality on the accumulation of human capital within the same framework is studied.

This paper evaluates the determinants of school attendance and work of rural adolescents between 10 and 18 years old in 1997-1998 for a sample of Latin American countries. Rural adolescents are quite disadvantaged relative to their urban counterparts. The share of rural adolescents studying...

This paper estimates the effects of equipment investment on relative wages and employment of skilled labor and explores their dynamics. The basic hypothesis is that they are positive, due to either equipment-skill complementarity or to skill advantage in technology adoption. Using a panel data...

(Disponible en idioma inglés únicamente) En este trabajo se calculan los efectos de las inversiones en capital fijo sobre los salarios relativos y el empleo de mano de obra calificada, y se analiza su dinámica. La hipótesis básica es que dichos efectos son positivos, debido bien sea a la...

This paper estimates the effects of equipment investment on relative wages and employment of skilled labor and explores their dynamics. The basic hypothesis is that they are positive, due to either equipment-skill complementarity or to skill advantage in technology adoption. Using a panel data...

This paper presents a test to discriminate among behaviors of producers of exhaustible resources. The behavior of a competitive producer of an exhaustible resource should follow an Euler equation. The existence of futures markets allows us to sidestep the difficult issues related to estimating...

This paper presents a model in which trade is motivated both by preference for variety and comparative advantages. This framework is used to analyze the welfare implications of trading blocs among countries with different endowments with and without transportation costs. This paper was prepared...

This paper studies the empirical links among factor endowments, trade, and personal income distribution. The motivation is that many developing countries have implemented radical trade reforms in recent years. These reforms have changed relative prices, induced a reallocation of resources, and...