Facing Up to Inequality in Latin America
Gavin, Michael; Hausmann, Ricardo; Lora, Eduardo; Pagés, Carmen; Savedoff, William D.; Székely, Miguel; Westley, Glenn D.
Latin America in the 1990s remains the most unequal region in the world in terms of income distribution. Yet because of its changing demographics -declining fertility rates and large number of young people entering the workforce- the region now has a unique window of opportunity to reduce the income gap by accelerating the development process, putting people to work, improving education, and saving for the future. This Report assembles the available evidence on inequality in order to test a wide range of explanations and remedies.