The effect of inequality on individual welfare remains a debated question in economics. A common explanation for these mixed findings is that in Europe and the U.S., inequality can be a signal of income mobility and opportunity as much as it is a signal of injustice. This paper explores the...

Labour market incomes have been a major contributor to the important fall in inequality in Latin America during the 2000s. Indeed, it was the main contributor in countries where inequality fell more dramatically. A proper understanding of the workings of the labour market is necessary to...

This paper provides original empirical evidence on the evolution of education inequality for the Latin American countries over the decades of 1990 and 2000. The analysis covers a wide range of issues on the differences in educational outcomes and opportunities across the population, including...

The paper reviews the steady and widespread decline in income inequality which has taken place in most of Latin America over 2002-10 and which..if continued for another 2-3 years..would reduce the average regional income inequality to pre-liberalization levels. The paper then focuses on the...

The paper tracks recent changes in the components of social protection in Latin America, the reforms to social insurance in the 1990s and the growth of social assistance in the 2000s, and assesses their effects on poverty and inequality and implications for welfare institutions in the region....

This chapter analyses the main features of industrial policies carried out in Latin America since 1990. It studies these policies during import substitution industrialization and how they changed after the market-oriented economic reforms. It presents the main national strategies, policy lines...