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Risky human capital investment, income distribution, and macroeconomic dynamics

Grossmann, Volker - 2003

This paper analyzes the interaction between intergenerational wealth transmission, human capital investments under uninsurable labor income risk, and economic growth in a small open overlapping-generations economy with heterogeneous agents. It demonstrates how the role of the personal income...

Persistent link: https://www.econbiz.de/10010261651

Schooling, cognitive skills, and the Latin American growth puzzle

Hanushek, Eric Alan; Woessmann, Ludger - 2009

Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

Persistent link: https://www.econbiz.de/10010274178

Unemployment insurance savings accounts in Latin America: Overview and assessment

Ferrer, Ana M.; Riddell, W. Craig - 2011

turned to Unemployment Insurance Savings Accounts (UISAs) as an alternative to traditional systems of unemployment insurance …. UISAs are schemes of individual mandatory savings. Therefore, they smooth income over an individual's life cycle rather than …

Persistent link: https://www.econbiz.de/10010278335

Privatization discontent and its determinants: evidence from Latin America

Checchi, Daniele; Florio, Massimo; Carrera, Jorge - 2005

Privatization policy faces increasing popular opposition in Latin America. We test for the determinants of this discontent. We use the results of Latinobarometro (2002), a survey of a representative sample of 18522 individuals in 17 countries as our dependent variable of perception, and a...

Persistent link: https://www.econbiz.de/10010267576

Using pseudo-panels to measure income mobility in Latin America

Cuesta, Jose; Ñopo, Hugo; Pizzolitto, Georgina - 2011

This paper presents a comparative overview of mobility patterns in 14 Latin American countries between 1992 and 2003. Using three alternative econometric techniques on constructed pseudo-panels, the paper provides a set of estimators for the traditional notion of income mobility as well as for...

Persistent link: https://www.econbiz.de/10010276065

Aggregate savings and external imbalances in China

Yang, Dennis Tao - 2012

distortions. I document major trends in aggregate savings, investment, trade, and net foreign asset positions in China, and …. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded …

Persistent link: https://www.econbiz.de/10010289985

Rebalancing growth in Asia

Prasad, Eswar S. - 2009

region. In terms of sheer magnitudes, China's national savings and current account surpluses dominate the region's saving-investment … growth. Investment growth has dominated GDP growth in China during this decade but is also important in the cases of India … and Vietnam. To examine the global implications of domestic growth patterns in Asia, I analyze saving-investment balances …

Persistent link: https://www.econbiz.de/10010269529

The role of demographics in precipitating crises in financial institutions

Macunovich, Diane J. - 2009

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the current account balance and gross capital formation. The 15-24 age group appears to be one of the key age groups in these effects, with increases in that age group exerting...

Persistent link: https://www.econbiz.de/10010271339

Education, Governance and Trade-Related Technology Diffusion in Latin America

Schiff, Maurice; Wang, Yanling - 2004

This paper examines the impact on TFP of North-South trade-related technology diffusion in Latin America and the Caribbean (LAC). North-South R&D flows are constructed based on industry-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main...

Persistent link: https://www.econbiz.de/10010261795

Fertility changes in Latin America in the context of economic uncertainty

Adsera, Alicia; Menendez, Alicia - 2009

We explore the relation between fertility and the business cycle in Latin American countries taking advantage of the existing cross-country and within-country differences in both fertility and macroeconomic conditions. First, we use a panel of 18 nations for over 45 years to study how different...

Persistent link: https://www.econbiz.de/10010269027