We use a comparative approach to study the incentives provided by different types of compensation contracts, and their valuation by risk averse managers, in a fairly general setting. We show that concave contracts tend to provide more incentives to risk averse managers, while convex contracts...

This article analyzes the impact of PANES, a temporary social assistance program carried out in Uruguay between 2005 and 2007, on school attendance and child labour for children aged 14 to 17. We explore three potential explanatory channels: labour market outcomes, household income and awareness...

This research estimates the impact of Plan Ceibal in students’ achievement at public primary school in Uruguay. Plan Ceibal is the first national model of One Laptop per Child (OLPC) which is being carried out in Uruguay since 2007 in some provinces, but reached national scale during 2009. The...

During the last decades, there has been a process of intense changes in the global trade integration. Uruguay has not been outside of these changes, particularly from the 1990s. The impact evaluation of trade on labor market outcomes, poverty and income distribution is a relatively recent...

In this research we evaluate an alternative redistributive scheme for Uruguay. Specifically,we analyze the impacts on equity and efficiency of substituting the new conditional cash transfer program (Asignaciones Familiares – AFAM-) and direct taxes (personal income tax–IRFP-) by a negative...

This document reflects the technical cooperation between Ministerio de Industria, Energía y Minería (MIEM) and Instituto de Economía, with de objective of providing technical support for the design of a subsidy for the consumption of certain basic services, such as electricity and water,...

En este trabajo evaluamos un esquema redistributivo alternativo para Uruguay. Concretamente analizamos los impactos que en términos de equidad y eficiencia tendría la sustitución del nuevo sistema de transferencias condicionadas (asignaciones familiares AFAM) y de los impuestos directos...

Riedel and Sass (2013) study complete information normal form games in which ambiguity averse players use ambiguous randomization strategies, in addition to pure and mixed strategies. The solution concept they propose, the Ellsberg equilibrium, is a coarsening of the classical Nash equilibrium....

This paper evaluates the global welfare consequences of increases in mortality and poverty generated by the Covid-19 pandemic. Increases in mortality are measured in terms of the number of years of life lost (LY) to the pandemic. Additional years spent in poverty (PY) are conservatively...