This paper contributes to understand the microeconomic determinants of household income dynamics in poverty and inequality in Chile during the 90’s . We use a microsimulation based on the decomposition of distributional changes, developed by Bourguignon et.al. (2000). We estimate a...

This paper addresses the growth, welfare, and distributional effects of credit markets. We construct a general equilibrium model where human capital is the engine of growth and individuals differ in their education abilities. We argue that the existence of credit markets encourages...

This paper presents empirical evidence on how education is related to income distribution in a panel data set covering a broad range of countries for the period between 1960 and 1990. The findings indicate that educational factors - higher educational attainment and more equal distribution of...