Policy makers are showing increasing interest in employment and training programs as a means of reducing welfare costs, despite the evidence that welfare costs are reduced little by these programs. This paper examines the potential for increasing the welfare savings associated with such programs...

Female labor force participation has increased significantly in Latin America during the last two decades, a period which was also characterized by large fluctuations in aggregate economic activity. The particular question that this paper focuses on is: How do macroeconomic conditions affect...