Latin America is known as the most unequal region in the world. However, the effect of income inequality on people’s welfare is still an open question. This paper assesses the relationship between income distribution and welfare by considering the levels of happiness reported by people. The...

In most Latin American countries abortion is illegal, and there are mitigating causes. However, studies for countries that have been releasing processes for more than two decades, such as the United States, show that different attitudes remain the same, ranging from pro-life to pro-choice views....

Pension systems’ performance around the world can be usually assessed by considering three dimensions: coverage, adequacy, and sustainability. This paper focuses on the coverage dimension, looking at empirical data in Latin America. It represents a review and expansion of a previous analysis...

Despite the Instituto Nacional de Estadística (INE) in Uruguay has calculated and published disaggregated data on real manufacturing production index since 1982 –the Volume Index–, the methodological changes that took place in 1988, 2002 and 2006 determined that the resulting subsets of...

We examine the factors that shape job satisfaction and in particular, the direct and indirect effects of the educational level. Our motivation is based on extending a large body of researches that is focused on private sector data by employing a larger and widely heterogeneous set of micro-data...

These are the notes from the first half of a course in behavioral economics offered in Uruguay in November 2014. This part of the course, entirely verbal, was aimed at outlining the essentials of behavioral economics. The principal assignments were from the second edition of Edward...

El documento presenta una revisión de la literatura sobre empresas públicas y regulación, con el objetivo de establecer las características fundamentales que debería contener esta última para atender a las particularidades de dichas empresas. Identificar las diferencias entre empresas...

La existencia de empresas públicas es un fenómeno habitual y económicamente significativo en la mayoría de los países. En este trabajo se analiza la existencia de empresas estatales en la región y en Uruguay, considerándose los motivos para su creación; las propuestas de reforma surgidas...

The paper discuss the correspondence between the organizational form of multilateral lending institutions and its aim and performance. It is based on the microeconomic of the banking sector and identify financial and contractual risks, and alternative forms of corporate governance as an...

In this paper, we consider a society composed of citizens grouped in different economic strata based on income, who must pay taxes, but there are incentives to do so, and a set of public officials (auditors), whose function is to monitor compliance with the tax rules among citizens. We assume...