Foreign direct investment and welfare

Includes bibliography.

Occupational mobility and income differentials: The experience of Brazil between 2002 and 2010

Since the start of the twenty-first century, the Brazilian economy has experienced a growth cycle with characteristics unlike those of its previous historical experience, combining growth, macroeconomic stability and distributive progress. In this context, the study aims to analyse the factors and distributive effects of occupational mobility in Brazil, based on data obtained from the Monthly Employment Survey. The results suggest that: (i) mobility has been used in Brazil as a way to raise wages, even when it involves a drop in socio-occupational status; (ii) nonetheless, the wage increase obtained by changing job or occupational segment is smaller for poorer workers than for wealthier ones; and (iii) consequently, mobility helps to increase income, but it also tends to widen wage gaps.

Financing for development in Latin America and the Caribbean: A strategic analysis from a middle-income country perspective

This document was prepared for the Latin American and Caribbean Regional Consultation on Financing for Development, held at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, on 12 and 13 March 2015, in preparation for the Third International Conference on Financing for Development (Addis Ababa, July 2015).

The earnings share of total income in Latin America, 1990-2010

This article analyses the share of total income represented by employment earnings in the countries of Latin America over the last two decades. It first considers the wage share of gross domestic product (gdp) and then adds in the earnings of self-employed workers. The findings indicate that both total wages and total earnings declined as a share of gdp in most of the region’s countries over the period, although there were some exceptions. The reduction in earnings inequality seen over the past decade was not usually accompanied by an increase in the gdp share of earnings. This means that the improvement in personal income distribution was not matched by an improvement in functional distribution.