This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...

This paper presents theory and evidence on the determinants of the size of the informal sector. We propose a simple theoretical model in which the informal sector`s size is negatively related to institutional quality and positively related to income inequality. These predictions are then...

Drawing on previously unused objective institutional data, we provide evidence for the causal link between rent-seeking behavior and democracy in Uruguay, a country where both rent-seeking behavior and political shifts have varied widely in the last 80 years, but where ethnolinguistic...

(Disponible en idioma inglés únicamente) El propósito de este trabajo es ofrecer elementos empíricos de juicio amplios sobre teorías recientes que vinculen la democracia con la desigualdad del ingreso durante el período de 1960 a 1995. En regresiones sencillas entre países se halló un...

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...

(Disponible en idioma inglés únicamente) Algunos criterios claves de la obra publicada sobre la zona monetaria óptima son que los países deben sumarse a una unión monetaria para poder establecer lazos comerciales internacionales más estrechos y ciclos económicos más simétricos. Pero...

This paper’s model suggests that a strong leader, sometimes with little legislative oversight, may nevertheless benefit from public support. The argument is that this support is induced as an attempt by the poor to counter the subversion of public protection of property rights by the rich, and...

(Disponible en idioma inglés únicamente) Según investigaciones recientes, factores externos y consideraciones de la gestión política son determinantes claves de los flujos de capitales en América Latina. Proponemos que la conducción empresarial también es un factor determinante crucial....

This paper estimates the effect of training quality on labor-market earnings using a Peruvian non-experimental training program, PROJOVEN, which targets disadvantaged youths aged 16 to 24 years. The identification of causal effects is possible because of two attractive features in the data....

(Disponible en idioma inglés únicamente) Este trabajo recoge datos institucionales objetivos no empleados anteriormente para ofrecer elementos de juicio sobre la relación de causalidad que hay entre la conducta de procura de rentas y la democracia en Uruguay, un país donde tanto dichas...