In this paper we show evidence which suggests that changes in an individual’s relative position affects his subjective well-being. In this sense, our findings are in line with those who argue that a felicity function should take into account both, absolute and relative position. Our result are...

The flows of FDI to Latinamerica have been increased in the 90's. In the case of Uruguay, it has not received a great amount, but the participation of foreign capital in some economic activities is important. This paper analizes the business strategy of some TNCs in Uruguay in the frame of the...

This work constitutes a first exploration on the information about people’s satisfaction levels in Uruguay. In particular, it intends to analyse the relationship between the level of satisfaction with life and other variables in a sample of women from 25 to 54 years old in Greater Montevideo....

A major feature in Mercosur agreement is the presence of asymmetries among members, in terms of size as well as in development of regions involved. This is one key issue for the success of the process of integration. This paper analyses the regional impacts of trade policies, based on a general...

There exists evidence in the social science literature that women may be more relationshiporiented, may have higher standards of ethical behavior and may be more concerned with the common good than men are. This would imply that women are more willing to sacrifice private profit for the public...

The purpose of this paper is study the evolution, during the nineties, of the wage differential between men and women, and in particular the labor market discrimination. We try to analyze if in a frame of increasing openness to international trade, decreasing inflation, wage negotiation...

In recent years empirical research about economic growth’s determinants has tended to incorporate political and social factors as explanatory variables, motivated by the evidence arisen from traditional analysis that the differences in countries’ economic performance can not be explained...

In this paper we present a formal definition of the notions of economic regime and regime dynamics. Starting from these definitions, we discuss a multiple regime dynamic model generating an endogenous unemployment-price adjustment mechanism. Two different employment regimes are introduced and...

This paper shows that labor market policies and institutions have an impact on the effectiveness of economic reform programs. The analysis compares annual growth rates across 119 countries, using data from 449 adjustment credits and loans given by the World Bank between 1980 and 1996. The...