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The effect of social spending on income inequality: An analysis for Latin American countries.
(2010-05-18)
Using a panel dataset from 1980 to 2000 this paper analyzes the determinants of income inequality in Latin American countries with special attention paid to education, health, and social security expenditures. I build on ...
Schooling and National Income: How Large Are the Externalities? Revised Estimates
(2010-08-18)
This article presents revised estimates of the external rates of return on investment in schooling provided in “Schooling and National Income: How Large Are the Externalities?” The analysis is based on data for the same ...
Recent findings on intergenerational income and educational mobility in Chile
(Universidad de Chile, Facultad de Economía y Negocios, 2007)
This paper provides new evidence on intergenerational mobility in
Chile. Income mobility elasticities for Chile are the range of 0.52 to 0.67,
which stand as fairly high in comparison with the international
evidence. ...
Optimal taxation with gradual learning of types
(Escola de Pós-Graduação em Economia da FGV, 2003-10-03)
An important feature of life-cycle models is the presence of uncertainty regarding one’s labor income. Yet this issue, long recognized in different areas, has not received enough attention in the optimal taxation literature. ...
The costs of education, longevity and the poverty of nations
(Escola de Pós-Graduação em Economia da FGV, 2003-01-03)
This paper explores the distortions on the cost of education, associated with government policies and institutional factors, as an additional determinant of cross-country income differences. Agents are finitely lived and ...
Productivity in emerging market economies: slowdown or stagnation?
(Universidad de Chile. Facultad de Economía y Negocios, 2018)
This paper analyzes productivity growth trends in emerging-market economies
vis-à-vis advanced economies, both in the recent global productivity slowdown
and from a long-term perspective. While income has converged in ...
Does investment in schooling raise national income? Evidence from cross-country studies
(2011-06-05)
The economics literature identifies three effects of schooling on national income; the direct effect on the earnings of the workers who receive the schooling and the external effects on workers’ earnings and on physical ...
Top income measurement and undistributed profits
(Universidad de Chile, Facultad de Economía y Negocios, 2014-10)
Using retained profits, instead of realized capital gains, by simply adding them
to the shareholders’ other sources of income is shown to be in general
incorrect. We provide a methodology to include undistributed profits ...