Our paper sets up a simple model to assess, to the best of our knowledge for the first time, the relative pros and cons of housing downpayment and interest rate subsidies on the access to and the stability of the mortgage market. Our analysis unveils a number of relevant policy lessons for the...

There exists a widespread perception that Argentine households channel a large share of their savings into real state. However, no hard evidence has produced to date to measure how important this saving behavior is for the determination of housing prices vis-à-vis the traditional housing motive...

This paper analyzes mortgage loan demand in Argentina using a new survey administered in the Buenos Aires Metropolitan Area. It is found that recurring macro volatility and violation of financial property rights have increased demand for real estate as an investment, which in turn raises house...

The purpose of this paper is to assess whether the banking system, over and beyond its credit function, has a significant impact on per capita GDP by providing means of payment. An annual database of 85 countries spanning the 1980-2008 period is exploited to this end. On the descriptive front,...

La CNV modificó su Código de Gobierno Societario (GS) para las Emisoras que cuentan con autorización de oferta pública de sus acciones y obligaciones negociables, quedando exentas las pequeñas y medianas empresas (Pymes) de cualquier requerimiento que haga a buenas prácticas, a pesar de...

Este trabajo estudia la evolución de los indicadores de pobreza intertemporal en Argentina durante los últimos 15 años. Aprovechando el esquema de rotación de la EPH, se construyen paneles sucesivos durante el período 1997-2012 que permiten descomponer la pobreza en sus componentes crónico...

A new Stata command, xtsktest, is proposed to explore non-normalities in linear panel data models. The tests explore skewness and excess kurtosis allowing researchers to identify departures away from gaussianity in both error components of a standard panel regression, sepa- rately or jointly....

Se conoce como skill premium a la brecha salarial promedio existente entre los trabajadores calificados y los no calificados. A partir de la segunda globalización financiera, en los países desarrollados se ha visto un ensanchamiento de este diferencial mientras que en los países en desarrollo...

Youth training programs and their evaluations are ubiquitous, yet there is relatively little evidence on the mechanisms through which they operate and their effect on outcomes beyond the labor market. This is the motivation of our study of entra21 , a job training program for low income youth in...

Este artículo provee evidencia para Argentina acerca del impacto de extender la escolaridad obligatoria sobre la fecundidad adolescente. En el año 1993, el gobierno implementó una reforma educativa (Ley Federal de Educación) que, entre otras cosas, extendió los años de educación...