This paper argues that welfare programs are linked with the destruction of social capital, as measured by interpersonal trust in laboratory games. The paper employs experimental data for representative samples of individuals in four Latin American capital cities (Bogota, Lima, Montevideo, and...

This paper examines the causal link between education and democracy. Motivated by a model whereby educated individuals are in a better position to assess the effects of public policies and hence favor democracy where their opinions matter, the empirical analysis uses World Values Surveys to...

Truth about privatization in Latin America Alberto Chong and Florencio López-de-Silanes -- Benefits and costs of privatization in Argentina Sebastián Galiani ... [et al.] -- Privatization and firm performance in Bolivia Katherina Capra ... [et al.] -- Costs and benefits of privatization...