The economic successes of China and India are viewed with admiration but also with concern because of the effects that the growth of these Asian economies may have on the Latin American and Caribbean (LAC) region. The evidence in 'China's and India's Challenge to Latin America' indicates that...

Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic...

In this paper we use data from a population survey on quality of life dimensions conducted in Uruguay to analyze the self reported well-being among workers and non workers. Along with the literature, we find that the probability of being happy is greater for workers than non-workers....

We compute the Gini indexes for income, happiness and various simulated utility levels. Due to decreasing marginal utility of income, happiness inequality should be lower than income inequality. We find that happiness inequality is about half that of income inequality. To compute the utility...

This, the first book in the Global Development Network series, brings together the views of researchers from the developing and developed world and provides models of successful research conducted in developing and transition countries.

This article tests for the existence of two types of selection biases in sports markets. First, the better-educated players and players of higher socioeconomic background have better outside opportunities. If they decide to follow a professional soccer career, they must be truly good to...

This article analyses a labour supply model in which individuals maximize a utility function that depends on leisure time, consumption and time devoted to an activity that is termed ‘artistic’. This activity may generate income that depends nonlinearly on hours dedicated to it. The...

We analyzed individual and program characteristics associated with participation in an ICT-based substance use preventive intervention in Uruguay, South America. The intervention was directed at nine- and ten-grade students in ten private schools in Montevideo. Participation in the program was...