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On the middle 70%. The impact of fiscal policy on the emerging middle class in Latin America using Commitment to Equity
(CAF, 2017-08-05)
This paper analyzes the effects of indirect and direct taxes, as well as monetary and in-kind transfers on the income distribution in nine Latin American countries applying the CEQ methodology and using household and ...
Crecimiento verde en el sector energético y sus efectos en el desempeño económico general: desarrollo y aplicación de un modelo híbrido para Colombia
(CAF, 2017-07-01)
El cambio climático es uno de los mayores retos de la actualidad, siendo un tema de primera línea para los países y gobiernos comprometidos con generar políticas, materializadas en estrategias de desarrollo compatible con ...
Capital Specificity, the Distribution of Marginal Products and Aggregate Productivity
(CAF, 2017-05-08)
This paper studies the role of capital specificity and investment irreversibility on the distribution of marginal products of capital and aggregate TFP. We use a methodology new to the misallocation literature, based on ...
Contracting the Road to Development: Early Impacts of a Rural Roads Program
(CAF, 2009)
We studied here the early impacts of the Peruvian rural roads program (RRP) that is characterized by the contracting of private local firms for the rehabilitation and maintenance of rural roads with local supervision by ...
Credit Constraints for Higher Education
(CAF, 2011)
This paper addresses the importance of credit constraints explaining the gap on
college enrollment between students coming from rich and poor families. Measuring the effect of credit constraints on college enrollment is ...
Decentralisation and Local and Regional Development
(CAF, 2008)
Este artículo explora el impacto de la descentralización sobre el potencial para el desarrollo local y regional, tanto desde una perspectiva teórica como utilizando ejemplos de América Latina. Pone de relieve que la ...
The Life-cycle Growth of Plants in Colombia: Fundamentals vs. Distortions
(CAF, 2017-10-05)
We take advantage of rich microdata on Colombian manufacturing establishments to decompose growth over an establishment’s life cycle into that attributable to fundamental sources of idiosyncratic growth ̶ physical productivity, ...
Rules vs. Discretion in Public Service: Teacher Hiring in Mexico
(CAF, 2017-08-18)
In this paper, I use a unique empirical setting that allows me to compare the performance of teachers hired in a discretionary process led by the teachers’ union in Mexico with the performance of those hired on the basis ...
Poor Little Children: The Socioeconomic Gap in Parental Responses to School Disadvantage
(CAF, 2017-11-08)
In this paper, we study how parents react to a widely-used school policy that puts some children at a learning disadvantage. Specifically, we first document that, in line with findings in other countries, younger children ...
Starting on the right track? The effects of rst job experience on short and long term labor market outcomes
(CAF, 2017-12-04)
For young job seekers barriers to labor market entry are high, especially in developing countries were information frictions are large. Can first job experience impact such barriers and have perdurable effects? This paper ...