nep-lam New Economics Papers
on Central and South America
Issue of 2022‒05‒30
four papers chosen by

  1. COVID-19: Analysis, impact, and perspectives in Chile By Rodrigo Barra Novoa
  2. COVID-19 and economic preferences: evidence from a panel of cab drivers By Fernando Aragon; Noelia Bernal; Mariano Bosch; Oswaldo Molina
  3. Social protection response to COVID-19 in rural LAC: The potential of digitalization to build back better By Beatriz Burattini; Camila Rolon; Lucas Sato; Victor Thives; Louisa Wagner; Arniela Rénique; Mauricio Mireles
  4. Does financial aid for top international graduate programs boost education and earnings? Evidence from Colombia By Adriana Camacho; Catherine Rodríguez; Fabio Sanchez

  1. By: Rodrigo Barra Novoa (UCJC - Universidad Camilo José Cela)
    Abstract: The article describes and analyzes the main regional differences, the response capacity and the main lessons learned from the COVID-19 pandemic in Chile. In addition, it analyzes the impacts derived from the pandemic crisis on local productive systems and establishes a series of future perspectives that could strengthen the Chilean health system. The article provides an updated review of the impact of the COVID-19 pandemic in the country, as well as an explanatory narrative of the most relevant events to confront the pandemic crisis.
    Abstract: L'article décrit et analyse les principales différences régionales, la capacité de réponse et les principaux enseignements tirés de la pandémie de COVID-19 au Chili. En outre, il analyse les impacts dérivés de la crise pandémique sur les systèmes productifs locaux et établit une série de perspectives futures qui pourraient renforcer le système de santé chilien. L'article fournit une revue actualisée de l'impact de la pandémie de COVID-19 dans le pays, ainsi qu'un récit explicatif des événements les plus pertinents pour affronter la crise pandémique.
    Date: 2022
  2. By: Fernando Aragon (Simon Fraser University); Noelia Bernal (Universidad del Pacífico); Mariano Bosch (Inter American Development Bank); Oswaldo Molina (Universidad del Pacífico)
    Abstract: This paper investigates the impact of the COVID-19 pandemic on risk and time preferences. We use a longitudinal dataset from a survey of cab drivers in Lima (Peru) conducted before and nearly a year after the pandemic onset. We find a significant increase in risk tolerance and patience. The magnitude of the effect increases with age and becomes substantially larger for individuals 50 years and older. Our findings suggest that the pandemic could influence individuals’ behaviour and socioeconomic outcomes via another channel, namely changes in economic preferences.
    Date: 2022–05
  3. By: Beatriz Burattini (IPC-IG); Camila Rolon (IPC-IG); Lucas Sato (IPC-IG); Victor Thives (IPC-IG); Louisa Wagner (IPC-IG); Arniela Rénique (IPC-IG); Mauricio Mireles (IPC-IG)
    Keywords: Economic inclusion; social protection; Latin America and the Caribbean; digitalisation
    Date: 2022–04
  4. By: Adriana Camacho; Catherine Rodríguez; Fabio Sanchez
    Abstract: This paper estimates the impact of a postgraduate merit-based financial aid program in Colombia. Exploiting a regression discontinuity design using rich survey and administrative data, we find three main results by. First, credit constraints are binding and important even for talented individuals with higher education degrees. Our results indicate that financial aid beneficiaries increase their probability of attaining any graduate education by 33% and a graduate education at a top university abroad by 50%. Second, the labor market highly rewards this education. Beneficiary individuals earn an average a monthly labor income 45% higher than non-beneficiaries. Mediation analyses suggest that at least 50% of the impact is due to the signaling effect of being a financial aid scholar. Importantly, effects are driven by male candidates and in a higher proportion by those who attended private higher education institutions in their undergraduate studies. Third, back-of-the-envelope cost-benefit analyses suggest that this credit scholarship has a private and social IIR of 22% and 29%, respectively.
    Keywords: Merit-based financial aidGraduate educationReturns to educationColombiaInternational StudiesRegression discontinuity
    JEL: I22 I23 I26
    Date: 2022–05–16

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