This paper analyzes the link between young people's sense (locus) of control over their lives and their investments in education. We find that young people with a more internal locus of control have a higher probability of finishing secondary school and, conditional on completion, meeting the...

What did the Latin American economies achieve in the course of a hundred years and how has this affected standards of living? This comprehensive history examines the political and economic forces that have shaped Latin America's development process.Abstract: Esta historia económica revisa las...

What did the Latin American economies achieve in the course of a hundred years and how has this affected standards of living? This comprehensive history examines the political and economic forces that have shaped Latin America's development process.Abstract: Esta historia económica revisa las...

Cross-country studies have found a negative relationship between income inequality and economic growth. The main problem with the cross-country analyses is the poor quality of the data on income distribution. This paper tests the robustness of the cross-country results to the use of a more...