Greater Labor Formality and Education Are Key to Reducing Inequality
Starting in 2002 inequality levels declined significantly in most Latin American countries. This good news was due largely to progress made in the labor market, especially in the formalization of employment, as well as to higher education levels, according to a new publication by the Economic Commission for Latin America and the Caribbean (ECLAC). The book entitled Inequality and Informality: An Analysis of Five Latin American Experiences (in Spanish only) —published in conjunction with the Norwegian Ministry of Foreign Affairs and coordinated by Verónica Amarante, Director of ECLAC’s Office i…