This book looks back both at how the Great Recession affected employment outcomes in developing countries and at how governments responded. The chapters bring together a unique compilation of data and analysis from very different sources, including an inventory of policies implemented during the...

This paper quantifies the importance of heterogeneity across entrepreneurs in accounting for aggregate and distributional dynamics during sudden stops. Using Argentinian household survey data from 1996 and 2003, I establish that the income distribution of entrepreneurs widened relative to that...

Income inequality in many middle-income countries has increased at an alarming level. While the time series relationship between income inequality and economic growth has been extensively investigated, the causal and dynamic link between them, particularly for the middle-income countries, has...