This paper estimates the dynamic returns to job training. We posit a dynamic-discrete choice model of sequential training participation, where choices and earnings depend on observed and unobserved characteristics.We define treatment effects, including policy relevant parameters, and link them...

We analyze the economic returns to different postsecondary degrees in Chile. We posit a schooling decision model with unobserved ability, observed test scores and labor market outcomes. We benefit from administrative records to carry out our empirical strategy. Our results show positive average...

We analyze the economic returns to different postsecondary degrees in Chile. We posit a schooling decision model with unobserved ability, observed test scores and labor market outcomes. We benefit from administrative records to carry out our empirical strategy. Our results show positive average...

Covering Latin America and the Caribbean (more than fifty states and territories, 564 million inhabitants), this chronicle gives an overview of the main socio-demographic and health developments in the region since the 1950s. It includes a summary of census and survey data on each country, with...

As many pension systems in the world, the Belizean pension system faces two main challenges. First, there is a need to manage financial risks to public finances arising from the forecasted increase in liabilities due to an ageing population. Second, the ageing process increases the demand for...

The shift from an industrial economy to a knowledge and service economy over the last four decades has ignited a debate about what skills are now the most critical. The European Commission has placed skills development at the heart of its economic policies, as it believes that skill mismatches...