Author: Oscar Ponce de Leon Salas
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Talking Peruvian Development with Miguel Castilla, Peru’s Former Minister of Economy and Finance
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Considering Peruvian aggregate figures, we can see high GDP growth rates and exports, as well as significant poverty reduction during the last 15 years. However, regions such as Huancavelica, Ayacucho, and Cajamarca, to mention a few, are not performing well at all. They still have very high poverty rates, between…
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The US Manufacturing Industry’s Global Fight
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A new study confirms a resurgence of the US manufacturing industry in the last five years, primarily driven by a reduction in labor costs, depreciation of the US dollar, and reduction in domestic energy prices.
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The Unseen Taxes Created by the Affordable Care Act
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A new study explains the effects on the labor supply created by the Affordable Care Act. The ACA creates a penalty on employers that incentivizes a reduction in full-time hiring, as well as creating an implicit tax on full-time employees that encourages them to work less.
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Not Just a Summer Job: Reducing Incarceration Rates for At-Risk Youth
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A new study finds that government-sponsored youth employment programs may reduce involvement in criminal activities and mortality rates for youth from low-income families.
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Social mobility remains stable in the US: Good or bad news?
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A new study measures intergenerational social mobility in the US, estimating the probability that a child born at a low rung of the income ladder can reach the top. The authors find that social mobility has remained stable in the US for the last 30 years.