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Research in the History of Economic Thought and Methodology
Research in the History of Economic Thought and Methodology
Law and Employment
Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance ...
Economia: Fall 2009
Tentative contents include Credit Ratings in the Presence of Bailout: The Case of Mexican Subnational Government Debt Fausto Hernández-Trillo and Ricardo Smith-Ramírez (CIDE) Thirty Years of Currency Crises in Argentina: External Shocks or Domestic Fragility? Graciela Kaminsky (George Washington University), Amine Mati (IMF), and Nada Choueiri (IMF) Do Longer School Days Have Enduring Educational, Occupational, or Income Effects? A Natural Experiment on the Effects of Lengthening Primary School Days in Buenos Aires, Argentina Juan J. Llach (IAE-Universidad Austral, Argentina), Cecilia Adrogué (Universidad de San Andrés, Argentina), and María Elina Gigaglia (IAE-Universidad Austral) Who Saw Sovereign Debt Crises Coming? Sebastián Nieto-Parra (OECD)
Economía: Spring 2010
This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries.
Economia: Spring 2009
This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries. Tentative contents include •What You Don't Know CAN Hurt You—or at Least Mislead You: Family Behaviors, Unobserved Heterogeneities, and the Determinants of and Impacts of Human Resources over the Life Cycle Jere R. Behrman (University of Pennsylvania) • Estimates of the Benefit Incidence of Workfare Lucas Ronconi (University of California–Berkeley)
Scaling Program Investments for Young Children Globally
This report summarizes a joint workshop convened by the Institute of Medicine and National Research Council with Fundacao Maria Cecilia Souto Vidigal in November 2014 in Sao Paulo, Brazil. The workshop presentations and discussions highlighted efforts made to scale program investments across health, education, nutrition, and social protection that aim to improve children's developmental potential. Speakers explored four topics around scaling up program investments: impact, scalability, sustainability, and governance. Participants shared their experiences scaling up programs and implementing early childhood services into a comprehensive national policy. Scaling Program Investments for Young Children Globally synthesizes up-to-date evidence on effective programs and interventions in Latin America and other regions, including an account of their strengths and challenges. This report highlights the presentations and discussions of the event.
Accounting for Saving
Which comes first, saving or growth? Does financial liberalization help or hinder saving? How do terms of trade shocks affect saving? This book looks beyond the traditional determinants of saving.--Publisher's description.
International Lending of Last Resort and Moral Hazard
It is often argued that the provision of liquidity by the international institutions such as the IMF to countries experiencing balance of payment problems can have catalytic effects on the behavior of international financial markets, i.e., it can reduce the scale of liquidity runs by inducing investors to roll over their financial claims to the country. Critics point out that official lending also causes moral hazard distortions: expecting to be bailed out by the IMF, debtor countries have weak incentives to implement good but costly policies, thus raising the probability of a crisis. This paper presents an analytical framework to study the trade-off between official liquidity provision and ...
Zvi Griliches' Contribution to the Theory of Human Capital
The paper discusses Zvi Griliches' contribution to the estimation of the earning function. The topic was the central theme of Griliches' research agenda during the 70s. Griliches played a major role in the ability- schooling controversy of the time. He was instrumental in repelling the attack of the revisionists' on the Theory of Human Capital, and the claim that the schooling effect in the earning function is merely an artifact of the true ability' and family background' effects. Griliches lacked at the time the proper data to prove unequivocally that the ability bias plays only a minor role in the estimation of the rate of return to schooling. He was, however, able to show that the seemingly foolproof evidence of his opponents suffers from serious biases due to the endogeneity and the measurement errors in the schooling variable. His assertion that the standard OLS estimator is biased downward, rather than upward, has been shown true by future research.
