The paper analyzes the Bolivian experience in switching from an old publicly managed pay-as-you-go pension system to a privately managed, fully funded pension system.

El documento analiza la equidad en la asignación del gasto público, con el propósito de determinar el grado de desequilibrio vertical y horizontal, que constituyen los principales argumentos para las diferencias intergubernamentales. Además, evalúa cómo está influyendo esta asignación en...

Micro-Credit and Group Lending:The Collateral Effect

The HIPC Initiative In Bolivia

Conventional banking practices do not easily accommodate the financial needs of poor persons. Group-lending, on the other hand, has found several advantages in the context of poor borrowers with no collateral to offer. An important advantage is that the bank's losses due to unsuccessful projects...

A previous analysis of the impact of formal institutions on the knowledge economy of 22 Middle-Eastern and Sub-Sahara African countries during the 1996-2010 time period concluded that formal institutions were necessary, but inadequate, determinants of the knowledge economy. To extend that study,...

We build a theoretical model that incorporates unionization in the labor market into a Heckscher-Ohlin-Samuelson (HOS) framework to investigate the impact of unionization on the Stolper-Samuelson Theorem. To capture the American economy case, we assume that unskilled labor in the manufactured...

El documento -basado en la metodología de estudios de caso- analiza los procesos de negociación y acuerdos entre la explotación minería privada y las comunidades implicadas en el pueblo de San Cristóbal y regiones aledañas, mostrando que es posible generar juegos cooperativos entre los...

This paper analyzes gender and ethnic differences in vulnerability and resilience to external shocks and stresses in Mexico. Vulnerability and resilience are measured by a combination of the level of household incomes per capita and the degree of diversification of these incomes. Thus,...

This paper analyzes gender differences in vulnerability and resilience to shocks, including climate change and climate variability, for Peru, Brazil and Mexico, which together account for more than half the population in Latin America. Vulnerability and resilience indicators are measured by a...