This report presents initial findings from the third round of data collection by Young Lives in Peru, carried out from late 2009 to early 2010 with two age cohorts of children. It gives a broad outline of some of the key indicators of childhood poverty and changes that have taken place in the...

Multidimensional poverty and inequality of opportunity are closely interconnected concepts. Equality of opportunity levels the playing field so that circumstances such as gender, ethnicity, geographical location or family background, which are beyond the control of a child, do not influence his...

How does inequality motivate people and at what cost? We develop a model of perpetual youth with heterogeneous upward-looking aspirations -- people value their consumption relative to the conditional mean of those above them in the distribution. Their survival depends on health capital produced...