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Household responses to adverse income shocks in Latin AmericaReacción de los hogares a sacudidas adversas del ingreso en América Latina
(2001-07)
This paper uses a new data set to study household responses to adverse income shocks in seven Latin American countries. The results show (i) that households respond to income shocks mainly by increasing their labor force participation, selling assets, and cutting back on human capital investments, (ii) that poor households are the most likely to be affected by adverse income shocks, and (iii) that lower-middle-class ...
Intergenerational mobility in Latin America
(2001-04)
High inequality has long been regarded as one of the main problems facing Latin American countries. To understand better the determinants of inequality and to help guide thinking about policy options, it would be useful to know whether inequality mainly reflects low intergenerational mobility or whether it is driven by differences. In this paper we use five household surveys with questions about parental socioeconomic ...