This paper studies the impact of Argentina trade liberalization during the nineties on the industry wage premium structure. We find that accounting for unobserved time invariant industry characteristics is crucial. When we do not control for industry fixed effects, we find that workers in...

This paper documents the level and trends of monetary inequality in developing countries based on Povcalnet data up to the year 2015. On average, during the first half of the current decade, inequality declined in developing economies, although at a rate substantially lower than that experienced...

While Latin America has historically been considered a region of very high inequality, the performance of most Latin American countries in terms of reduction of income inequality has been remarkable good in the first decade of this century. Given that those improvements took place in a context...

This paper studies the evolution of skill premia and its relationship with the productive structure for sixteen countries in Latin America, using microdata from household surveys and information from National Accounts for the period 1991-2015. The evidence suggests that the change in the...

This paper estimates the macroeconomic effects of social transfer payments to individuals for a sample of 23 developed and Latin American countries. The findings show that the social transfer multiplier is 0.3 in developed countries, but 0.9 in Latin American economies. The paper studies the...

This paper studies the time-series behavior of a set of widely-used social indicators and uncovers two important stylized facts. First, not all social indicators are created equal in terms of the importance of cyclical fluctuations. While some social indicators such as the unemployment rate and...

It is well-known by now that government spending has typically been countercyclical in industrial countries and procyclical in developing economies. Most of this literature has focused on analyzing aggregate government spending or discretionary spending categories such as government consumption...

This paper studies the evolution of skill premia and its relationship with the productive structure for sixteen countries in Latin America, using microdata from household surveys and information from National Accounts for the period 1991-2015. The evidence suggests that the change in the...