The 2001/02 Argentine crisis had a profound impact on Uruguay's economy. Uruguay's gross domestic product shrank by 17.5 percent and the proportion of people living below the poverty line doubled in just two years. It took almost 10 years for the poverty rate to recover to its pre-crisis level....

This paper offers an axiomatic characterization of two classes of poverty measures that are sensitive to inequality of opportunity, one a strict subset of the other. The proposed indices are sensitive not only to income shortfalls from the poverty line, but also to differences in the...

Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be associated with faster economic growth, other kinds, arising from unequal opportunities for investment, might be detrimental to economic progress. This study uses two new metadata...

Burundi has experienced a significant increase in aid flows in recent years. Currently, about half of the budget is funded by aid, mostly grants. The high external assistance has, however, not yet translated into high and sustainable growth rates. This paper analyzes (i) the policy response of...

Labor market dynamics have played a significant role in the remarkable social gains experienced across Latin America over the recent past. Assessing the quality of employment, beyond the perspective of income, to include other fundamental aspects of jobs --such as whether jobs are secure,...

Conditional cash transfer programs, whereby transfers to households are conditional on school attendance or health checkups, have become a widespread policy tool. They are viewed as a means of immediate poverty alleviation through the cash payments, and as a foundation of long-term poverty...

In the fiscal year 2018/19, 21.9 percent of the population in Pakistan lived below the national poverty line. Since then, the COVID-19 pandemic, devastating floods in 2022, and a macro-fiscal crisis with record inflation have profoundly impacted economic activity and income-earning...

Over the past decade (2003-12), Latin America has experienced strong income growth and a notable reduction in income inequality, with the region's Gini coefficient falling from 55.6 to 51.8. Previous studies have warned about the sustainability of such a decline, and this paper presents evidence...