In this paper we are concerned with the estimation of income elasticities of environmental amenities. The novelty is the application of econometric methods that take into account the problem of measurement errors when estimating these elasticities, which are common in microeconomic data and are...

This paper analyzes the existence of a wage curve in Uruguay. We run several models using data for the period 1986-2005. We use two different proxies of the wage and we estimate both microdata and cell-mean regressions. Besides, we run the model for the whole sample and for groups of individuals...

The aim of this paper is to present the macroeconomic model used to simulate the part of the Uruguayan pension system covered by the Banco de Previsión Social.The model in this paper is a variant of the overlapping generation models that have been extensively used to study fiscal policy in...

In this paper we show that in a pure exchange economy it is possible to improve the social welfare along an e±cient path. This path will be called the Negishi map. Moving the relative weights of the agent in a social welfare utility function, we obtain an e±cient path of allocations and social...

This paper analysis new hypothesis about the effects off regional integration on the MERCOSUR countries. From characterizing the initial patterns of specialization, it discusses the relevance of centre-periphery agglomeration hypothesis. It argues that the economic integration could increase the...

This paper summarizes our simulations of the fiscal effects of the recent reform of the Uruguayan pension system for the 1996-2050 period. According to our results, fiscal effects of the reform crucially depend on what happens with the retirement age and with evasion in the new regime. We get...

Uruguay is a small economy. Its integration to MERCOSUR has increased the exposure to regional macroeconomic inestability. The aim of this paper is to assess the impact of regional integration on labour market and poverty. We estimated wage differentials between labour categories, finding a 60%...