We study the effect of learning another language on the social and individual welfare by a people group who do not know that language. We use network economics approach in order to take into account the externalities of languages. The equilibrium with decentralized choices is not as good as the...

Household income inequality has declined in Latin America in the past decades, contributing significantly to poverty reduction in the region. Although available evidence shows that changes in the labor income are among the main factors behind these inequality trends, few studies have analyzed...