En esta colección se encuentran los documentos de trabajo realizados y editados por la Dirección de Investigaciones Socioeconómicas de CAF con el objetivo de informar y fomentar el intercambio de opiniones sobre temas prioritarios para la región.

Recent Submissions

  • Savings Groups Reduce Vulberability but have Mixed Effect on Financial Inclusion 

    Frisancho, Veronica; Valdivia, Martin (CAF; Caracas, 2021-01-08)
    This paper evaluates the impact of the introduction of savings groups on poverty, vulnerability, and financial inclusion outcomes in rural Peru. Using a cluster randomized control trial and relying on both survey and ...
  • Local externalities in labor markets: congestion and information flow among peers 

    Berniell, Lucila; de la Mata, Dolores; Juncosa, Federico (CAF; Caracas, 2020-12-16)
    We explore local externalities in labor markets, exploiting the random assignment of a large-scale internship program in Argentina. Examining the probability of registered employment in the 12 months after the program, we ...
  • Gender Gaps in Labor Informality: The Motherhood Effect 

    Berniell, Inés; Berniell, Lucila; de la Mata, Dolores; Edo, María; Marchionni, Mariana (CAF; Caracas, 2020-12-15)
    We estimate the short- and long-run labor market impacts of parenthood in a developing country, Chile, based on an eventstudy approach around the birth of the first child. We assess mechanisms behind these effects based ...
  • Will you marry me, later? Age-of-marriage laws and child marriage in Mexico 

    Bellés-Obrero, Cristina; Lombardi, María (CAF; Caracas, 2020-11-03)
    We provide empirical evidence on the impact of raising the minimum age of marriage to 18 years old on child marriage, early motherhood, and school enrollment in Mexico. Using a difference-in-differences model that takes ...
  • Conflicting Incentives: Government Financial Aid, Vocational-to-University Track Change and Graduates’ Wages in Chile 

    Meneses, Francisco; Blanco, Christian; Flores, Roberto; Paredes, Ricardo (CAF; Caracas, 2020-10-16)
    Although literature on education economic returns is not un- common, research focusing in vocational students is quite scarce. This paper addresses labor market outcomes of vocational high schools’ students and their ...
  • Heterogeneous effects of automation: How are young workers affected by a changing labor market? 

    Brambilla, Irene; César, Andrés; Falcone, Guillermo (CAF; Caracas, 2020-08-18)
    We study the effect of automation on labor market outcomes with a focus on young workers and the case of Chile. We develop an index of routine task content of each occupation and follow two approaches. First we study the ...
  • Skills and selection into teaching: Evidence from Latin America 

    Estrada, Ricardo; Lombardi, María (CAF; Caracas, 2020-08-12)
    This paper documents a novel stylized fact: many teachers in Latin America have very low levels of cognitive skills. This skills deficit is the result of both low levels of competencies among the population and a gap between ...
  • Brecha de habilidades de los jóvenes en el mercado laboral colombiano 

    Díaz, Ana María; Salas, Luz Magdalena (CAF; Caracas, 2020-07-21)
    La brecha de habilidades entre la oferta y la demanda laboral explica parcialmente la desfavorable situación laboral de los jóvenes. Este estudio mide el desajuste entre las habilidades que requiere la demanda de trabajo ...
  • Life expectancy at retirement and income levels in Chile 

    Edwards, Gonzalo; Soto, Raimundo; Zurita, Felipe (CAF; Caracas, 2020-06-15)
    We document that life expectancies at the age of retirement differ significantly by income levels and gender in Chile. Using a sample of over 500 thousand workers that retired under the annuity system, we find that, ...
  • Jobs’ amenability is not enough: The role of household inputs for safe work under social distancing in Latin American cities 

    Berniell, Lucila; Fernandez, Daniel (CAF; Caracas, 2020-06-01)
    The recent literature has emphasized the role of occupations in quantifying the amount of telework possible under social distancing measures during the COVID-19 outbreak. However, telework requires not only a teleworkable ...
  • Self-Selection into Corruption: Evidence from the Lab 

    Brassiolo, Pablo; Estrada, Ricardo; Fajardo, Gustavo; Vargas, Juan (CAF; Caracas, 2020-04-22)
    We study whether the existence of opportunities to extract rents in a job affects the type of individuals who are attracted to it. We design a laboratory experiment in which individuals choose between two contracts, each ...
  • My (Running) Mate, the Mayor: Political Ties and Access to Public Jobs in Ecuador 

    Brassiolo, Pablo; Estrada, Ricardo; Fajardo, Gustavo (CAF; Caracas, 2020-01-17)
    We show that local politicians’ probability of being employed by a municipality increases when they have a strong party connection to its mayor. Using a regression discontinuity design, we compare the employment outcomes ...
  • Optimal age-dependent taxation in emerging markets: A quantitative assessment 

    Uribe-Terán, Carlos; Gachet, Iván; Grijalva, Diego F. (CAF; Caracas, 2019-12-29)
    This paper studies the design and welfare implications of an optimal age-dependent taxation scheme for an emerging economy. The setting is an overlapping generations economy with uninsured productivity risk, partially ...
  • Efectos de un accidente ferroviario sobre la demanda del servicio: El caso de la tragedia de Once en Argentina 

    Italia, Matías (CAF; Caracas, 2019-12-19)
    Este trabajo evalúa el impacto de un accidente ferroviario, conocido como la “Tragedia de Once”, sobre la demanda de viajes del servicio afectado en Argentina. Debido a que el accidente no puede considerarse como un choque ...
  • More to Live for: Health Investment Responses to Expected Retirement Wealth in Chile 

    Miller, Grant; Valdés, Nieves; Vera-Hernández, Marcos (CAF; Caracas, 2019-12-18)
    A poorly understood but important way that economic conditions influence health is through the incentives that they create for health investments. In this paper, we study how individuals’ current health investments respond ...
  • The Value of Free Health Insurance Schemes in Developing Countries 

    Conti, Gabriella; Ginja, Rita; Narita, Renata (CAF; Caracas, 2019-12-13)
    Brazil began the implementation of SUS (Universal Health Insurance) in 1988. To the extent that SUS broke the link between employment contract and health insurance, it may have changed the incentives for individuals to ...
  • Human Capital and Financial Development: Firm-Level Interactions and Macroeconomic Implications 

    Allub, Lian; Gomes, Pedro; Kuehn, Zoë (CAF; Caracas, 2019-12-04)
    Capital-skill complementarity in production implies non-trivial interactions between availability of human capital and financial constraints. Firms that are constrained in their access to finance hire a lower proportion ...
  • Perceptions of Police Corruption in Medellín 

    Arias, Eric; Hanson, Rebecca; Kronick, Dorothy; Slough, Tara (CAF; Caracas, 2019-11-06)
    Conventional wisdom holds that police corruption is a scourge across Latin America, undermining citizens’ trust in and collaboration with police officers. We find that this does not describe police-community relations in ...
  • The Economic Preferences of Cooperative Managers 

    Alves, Guillermo; Blanchard, Pablo; Burdin, Gabriel; Chávez, Mariana; Dean, Andrés (CAF; Caracas, 2019-05-02)
    A growing body of research has been investigating the role of management practices and managerial behaviour in conventional private firms and public sector organizations. However, little is known about managers’ behavioural ...
  • Kickbacks and limits on campaign donations 

    Gulzar, Saad; Rueda, Miguel R.; Ruiz, Nelson A. (CAF; Caracas, 2019-03-21)
    How do campaign contribution limits alter the influence of donors over elected officials? We propose a model to explore this question and test its implications using data from Colombian municipalities. Using a regression ...

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