This paper develops a conceptual framework and offers new statistical evidence on the access to credit by micro, small, and medium enterprises (MSMEs) in Guatemala and Nicaragua. To this end, and after reviewing the existing literature on the topic, it…

Increasing attention to higher education policies in the knowledge-based society makes important to understand the relationship between socio-economic family characteristics and educational choices. This paper considers the decision to go to college in Argentina as a family's economic decision. The…

This paper contributes to the empirical literature on pensions and saving by studying the influence of funded pension systems on the gross national saving rate using a sample of 48 developed and developing countries over the 1980-2004 period. To the…

Whereas traditional explanations of differences in long-run paths of development across the Americas generally point to the significance of differences in national heritage or religion, we highlight the relevance of stark contrasts in the degree of inequality in wealth, human…