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Institutions, sectorial dynamics and foreign direct investment in Latin America: a new emerging reality
(CAF, 2013)
Despite uncertainties in the global economy, Latin American countries have attracted a significant amount of Foreign Direct Investment (FDI) in recent years. Investing in Latin America is now a central pillar of many ...
The Effect of the Kangaroo Mother Care Program (KMC) on Wages: A structural Model
(CAF, 2016-04-14)
In this paper we analyze the relationship between skills and some outcomes later in life for a population of premature children. Pretreatment skills and characteristics are good predictors of childhood and adulthood skills ...
Education, Signaling and Mismatch
(CAF, 2016-06)
We assess the importance education as a signal of workers skills and the e¤ects of poor signaling quality on labor market outcomes. We do so by merging a frictional labor market model with a signaling setup where there is ...
Economic Shocks and Crime: Evidence from the Crash of Ponzi Schemes
(CAF, 2016-03-14)
In November 2008, Colombian authorities dismantled a network of Ponzi schemes, making hundreds of thousands of investors lose tens of millions of dollars throughout the country. Using original data on the geographical ...
Domestic Violence and Divorce Law: When Divorce Threats Become Credible
(CAF, 2014-10-01)
This paper investigates whether lowering the cost of divorce can reduce domestic violence. The cost of divorce influences the bargaining position of spouses, and thus, their behavior within the marriage. This study takes ...
What is the Role of Urban Growth on Inequality, and Segregation? The Case of Urban Argentina´s Urban Agglomerations
(CAF, 2016-11)
We analyze the relationship between urban sprawl and changing patterns of inequality and segregation in metropolitan areas of Argentina. The existing literature has endeavored to study the determinants of the expansion of ...
What do non-renewable natural resource rich countries do with their rents?
(CAF, 2011)
This paper examines three sets of questions related to the use of non-renewable natural resource rents: (1) To what extent countries rich in non-renewable natural resources use such rents to increase present consumption ...
Trade liberalization, economic integration and regional disparities
(CAF, 2009)
What is the impact of trade liberalization and economic integration on the geographical distribution of economic activities? To address this question the present paper proposes a conceptual framework based on recent ...
People or places: the causes of spatial income differences in Brazil
(CAF, 2010)
This paper explores testable implications of a simple model of spatial heterogeneity in earnings, a model in which this spatial heterogeneity arises both from differences in the places that people work and differences among ...
Housing Subsidies, Labor Supply and Household Welfare. Experimental Evidence from Argentina
(CAF, 2016-10)
We study the impact of a social housing policy program implemented in Argentina, exploiting the random assignment rule to identify the policy's causal effect on labor market and other socio-economic outcomes. In particular, ...