Confronted with sprawling development and paralyzing traffic, cities throughout Latin America and the Caribbean have moved to built rapid transit systems, ranging from subways to bus rapid transit systems (BRTs). New rapid transit, government officials hope, will get people out of their cars, improve the environment and boost wellbeing and productivity. But demonstrating … [Read more...] about A Rapid Transit System That Boosts Productivity
Gender Inequality in Latin America: The Long Road Ahead
Progress for women in Latin America and the Caribbean over the last few decades has been impressive. Many women now take center stage in the arts, business, music, politics, science and the sports world. Laws equally protect women, and the increase in their labor force participation has been rapid, rising 17 percentage points in the 25 years between 1990-2015 to more than … [Read more...] about Gender Inequality in Latin America: The Long Road Ahead
When Tax Hikes Doom Governments at the Polls
A Latin American president faces a steep economic downturn. She introduces fiscal austerity measures, perhaps a tax hike, to try to contain the damage. Mass protests erupt, police clash with demonstrators, and the political mood grows darker by the day. Can the president and her party survive? The short answer is usually no. In a recent study, Martín Ardanaz, Mark Hallerberg … [Read more...] about When Tax Hikes Doom Governments at the Polls
When Worsening Credit Conditions Trigger Recessions
Economists have long known that aggregate measures of economic activity vary during recessions. Unemployment rates increase, for example, while both GDP growth and investment rates decrease. But when we look at actual firms, the individual units of production in an economy, during a recession do they all behave in the same way? And if not, can we use that information to learn … [Read more...] about When Worsening Credit Conditions Trigger Recessions
The Benefits and Drawbacks of DNA Technologies to Fight Crime
It lasts for thousands of years and can help police identify missing persons from a pile of bones or pinpoint criminals with astounding accuracy. But as police forces increasingly turn to DNA to help them solve crimes, concerned citizens in the United States have been raising alarms about issues of privacy, consent and unwarranted government intrusion into their lives. For … [Read more...] about The Benefits and Drawbacks of DNA Technologies to Fight Crime