How can vaccinations be guaranteed in poor rural areas? Guatemala faced the problem recently when it confronted the declining rates of rural immunization after children's first year of life, a phenomenon that potentially threatened childhood health and survival. Declining rates of childhood vaccination These biases were taking their toll. Mothers made a big effort during … [Read more...] about Nudging: A Path to Greater Childhood Vaccination
As Joana Silva and I document in a recent book, earnings inequality declined in 16 of the 17 countries in Latin America for which consistent statistics can be calculated, although the intensity and turning points diverged across countries. For example, after a decade of stagnant or slowly increasing inequality, the 90th/10th interquantile range of the labor earnings … [Read more...] about Did Education and Job Experience Reduce Inequality in Latin America?
Latin America and the Caribbean has a difficult puzzle to solve. Growing national income is feeding demands for more and better government services. At the same time, because many governments increased expenditure during the years of the commodity boom and now face less favorable external conditions, they will need to adjust. In a context of external headwinds there is … [Read more...] about Greater Efficiency and the Path to a Prosperous Future for Latin America and the Caribbean
An uncomfortable reality lies behind Latin America’s poor growth performance: gains in productivity have been anemic over the last three decades. The costs in long-term GDP growth, as well as higher wages and living standards for Latin America's people, are steep. Over the last decades most Latin American nations adopted a broad agenda of economic liberalization and … [Read more...] about Reforming Regulations that Harm Productivity and Worker Welfare
In science fiction films, artificial intelligence and robots are the bogeymen of the future, replacing us and rendering us useless as they impose their mechanical will upon us. Economists, though less apocalyptic, are sounding alarms too. In a study, economist Carl Benedikt Frey and machine learning expert Michael Osborne examine more than 700 occupations in the United States. … [Read more...] about Will Robots Really Harm Employment?