Size-Dependent Gender Gaps in Entrepreneurship: The Case of Chile | LAER 31
This paper documents differences in firm size depending on whether their manager is a man or a woman and studies the aggregate implications of these gender gaps in Chile. We document that in 2007 less than a quarter of firms are managed by women and that this gap takes its largest value for managers with
- Published in Revistas CIDE
What effect does public and private capital have on income inequality? The case of the Latin America and Caribbean region | LAER 31
The effects that the Latin America and Caribbean capital stock (public and private) had on the income inequality levels of 18 countries from this region were analysed, over a peri- od ranging from 1995 to 2017, recurring to an autoregressive distributed lag model in the form of an unrestricted error cor- rection model. The results
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Automation and the jobs of young workers | LAER 31
New automation technologies affect workers in a heterogeneous manner according to their demographic characteristics, skills, and the tasks they perform. In this paper we study the effects of automation on labor market outcomes in a developing country, Chile. We focus our analysis on the heterogeneous impacts of automation across cohorts. Does automation affect young work-
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Uncovering the wage differential between formal and informal jobs: Analysis from the Colombian Caribbean region | LAER 31
The paper aims to assess the wage differential that would induce workers to switch between informal and formal sectors, analysing the informal labour market in the Colombian Caribbean region. Relying on the theory of equalising differences, we uncover which workers perceive the highest utility from holding a formal job. Our research sheds light on how
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Socioeconomic Effects of COVID-19 in Mexico: A Multisectoral Approach and Policy Options | LAER 31
The health crisis caused by the spread of COVID-19 has caused a profound social and economic disruption in Mexico. Our purpose in this paper is to contribute to the knowledge about the economic impact of the pandemic in Mexico and to evaluate social policy options to mitigate its effects. We do so based on a
- Published in Revistas CIDE
The COVID-19 Economic Crisis in Mexico through the Lens of a Financial Conditions Index | LAER 30
The COVID-19 pandemic not only generated real shocks affecting economic activity severely, but also a broad uncertainty that unleashed an extreme shock to financial markets. In this paper, we focus on the financial dimension of the pandemic from the viewpoint of an emerging market economy. Accordingly, we estimate a financial conditions index for Mexico since
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Equality without Equity: The Gender Pay Gap at the National University of Colombia | LAER 30
The National University of Colombia boasts a clear and egalitarian salary regime for its academic staff. Apart from rules concerning maternity and paternity leaves, which follow national Colombian legislation, the Academic Personal Statute is completely free of gender-based norms. Salaries are assigned through a points system that considers training level, productivity, and academic rank. With
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How do the Tax Burden and the Fiscal Space in Latin America look like? Evidence through Laffer Curves | LAER 30
How much fiscal space do Latin American countries have to increase their tax burdens in the long term? This paper provides an answer through Laffer curves estimates for taxes on labor, capital, and consumption for the six largest emerging economies of the region: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Estimates are made using a
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Political Cycles in Latin America: More Evidence on the Brazilian Economy | LAER 30
This paper aims to shed additional light on the existence of opportunistic and partisan political-business cycles in the Brazilian economy over the 1996-2016 period. To that end, it relies on two different approaches: (I) an Oaxaca model in the spirit of Blinder and Watson (2016); and (II) a DSGE model where fiscal and monetary policies
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From bad to worse: The economic impact of COVID-19 in developing countries: Evidence from Venezuela | LAER 30
Policy responses to COVID-19 affected the dynamic of economic growth and labor markets worldwide, hitting economically harder on developing countries. These policies involved economic lockdowns that included the shutdown of the main statistical exercises, making it almost impossible to assess the breadth and variety of their effects. Using a phone survey, this paper examines the
- Published in Revistas CIDE