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There are few reliable estimates of the effects of violence on economic outcomes. This study exploits the manifold increase in homicides in 2008-2011 in Mexico resulting from its war on organized drug traffickers to estimate the effect of drug- related homicides on housing prices. Using an unusually rich dataset that provides national coverage on housing prices and homicides and exploits within- municipality variation, the study finds that the burden of violence affects only the poor. An increase in homicides equivalent to one standard deviation leads to a 3 percent decrease in low-income housing prices. Moreover, the effect on housing prices of long-term increases in crime is 40 percent larger.
This issue of IDEA examines some of the issues surrounding early childhood development in Latin America and the Caribbean, and why government should be involved in what would seem to be a family affair. It draws on the 2015 edition of the IDB’s flagship series, Development in the Americas, entitled The Early Years: Child Well-Being and the Role of Public Policy, by Samuel Berlinski and Norbert Sch ... (View publication)
This synopsis reviews the arguments in favor of a larger role for public policy in determining the well-being of young children. It explains where the region is in terms of child well-being today, how it should go about improving public programs, and the institutional challenges to implementing those programs. Together, this synopsis and the table of contents provide just a taste of the rich ... (View publication)
Child well-being matters for both ethical and economic reasons as children who flourish in the early years are more likely to become healthy, productive citizens later in life. This year’s edition of Development in the Americas (DIA) focuses on the well-being of children from conception to 8 years of age and makes the case for public intervention in improving child outcomes. The process of child d ... (View publication)
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