Policy makers are increasingly interested in strategies to promote resilience and mitigate the effects of future climatic shocks. Cash transfer programs have had widely documented positive welfare impacts. They often also aim to offer protection against shocks, but their role in fostering...

This paper investigates the relative importance of different channels in explaining the low share of industrial employment in Latin America relative to the economies that employ a large share of the workforce in industry. Differences in domestic final consumption shares play a pivotal role and...