PROGRAM COMMITTE CENTRO DE INVESTIGACIÓN Y DOCENCIA ECONÓMICAS (CIDE) · Kaushik Basu (Chair) · Joseph Stiglitz CIDE, headquartered in Mexico City and with another campus is Aguasca- · Ajit Mishra · Justin Lin lientes, is a center for research and higher education that specializes in · Alejandro Jose Lopez-Feldman · Kanishka Dam social sciences. It forms part of a network of public research centers of the · André Portela Souza · Luis-Felipe Lopez-Calva National Council of Science and Technology (CONACYT). During its four · Asli Demirguc-Kunt · Nancy Qian decades of existence it has consolidated as a centre for relevant theoretical · Chatib Basri · Omar Licandro and empirical debate concerning the national and international academic · Chenggang Xu · Coralia Quintero agenda, and has generated knowledge for public policy making.CIDE’s · Eliana La Ferrara · Rohini Somanathan principal objective is to contribute to the country’s development by offering · Elisabeth Sadoulet · Santiago Levy rigorous and relevant knowledge, as well as developing a new generation · Erik Berglof · Timothy Besley of leaders that are capable of performing in a creative and responsible · Fred Finan · Tom Stuart Wilkening manner, in an open and competitive world. · Gaël Giraud · Susan Parker · Gita Gopinath · Haroon Bhorat CIDE offers both undergraduate and graduate degrees in several areas of · Jaime Saavedra · Hodaka Morita social sciences to students from Mexico and abroad. For more information · Joan Esteban · Homa Zarghamee about CIDE please visit http://cide.edu/en · Jorge Familiar Calderon · Jackie Wahba LOCAL ORGANIZING COMMITTEE, CIDE · Fausto Hernández Trillo · Kanishka Dam · Alejandro López-Feldman · Susan Parker INTERNATIONAL ECONOMIC ASSOCIATION (IEA) The International Economic Association (IEA) is a world federation of economic associations from both developed and developing countries. Founded in 1950, this Non Governmental Organization aims to promote the advance of economic science and policy, especially on issues of global importance, through enhan- ced contact and understanding among economists from different parts of the world. Its mission is accomplished through the organization of scientific meetings, and publications. To this end, the IEA holds a triennial world congress, workshops and roundtables all around the globe, and supports the Research Institute for Development, Growth and Economics (RIDGE). All these activities bring together well reputed experts who examine pressing policies and analytic issues of global importance. The IEA has published the proceedings of these World Congresses and Roundtables in over one hundred and seventy five volumes. Many of these volumes have been highly influential. The leadership of the IEA has included a range of distinguished economists, including Joseph Stiglitz, Tony Atkinson, Kenneth Arrow, Amartya Sen, Jacques Drèze, Robert Solow and Janos Kornai. The current president is Tim Besley, Kaushik Basu is President-elect and Dani Rodrik Vice President. For more information visit: www.iea-world.org WELCOME MESSAGE Welcome to the 18 th Congress of the International Economic Association. The Congress is one of the largest gatherings of its kind and brings people from all over the world to discuss their research and policy issues of mutual concern and to address and debate the big economic and policy challenges of our time. We are looking forward to vibrant discussion and engagement with new ideas in the coming days. The IEA relies on cooperation for its success and we would not be here in Mexico without the commitment of our host CIDE to whom we are extremely grateful. We are hugely appreciative of the tireless work of the programme committee. We are also extremely grateful to Andrea Cavallo, the Association Manager and Congress supremo who has played a pivotal role throughout. The program committee has helped in the selection of papers and organization of sessions along with a range of partner organizations – we are grateful to all of them. The Congress would not have been possible without generous sponsorship. We would like to thank TATA, AFD, Chair Energy and Prosperity, Google, IADB and the World Bank. Following the global financial crisis, there was talk also of a crisis in the economics profession. But it is a case of plus ca change plus c’est la meme chose. The terms of debate is certainly changing with more attention paid to such things as sustainability, inequality and market imperfections. But what has not changed is the desire of large groups of economists to be working on the issues that matter and exciting new research, much of it showcased at this Congress, is emerging on these and other important topics. To the outside observer, it may seem that it is business as usual but the astute observer will see the visible signs of change in the way that economics is evolving. Areas like behavioural economics, political economy and the economics of culture continue to develop alongside more traditional fields of the discipline. What matters most is that research is focused on the most important issues and that economics is both relevant and rigorous in its approach. The IEA values diversity both in terms of perspectives on economic problems and the representation of participants. Our aim is to represent the global economics profession in all of its dimensions. We continue to find new members keen to join in this global project and we are welcoming new members from Czech Economic Association, Slovak Economic Association, South Africa Economic Association, Asian Management Economics Commerce Association, Societat Catalana de Economia and Young African Economists Association to their first World Congress as members. But we do not take our loyal existing members for granted and we are grate- ful for their continuing support, recognizing that there is a role for a global federation of economics’ associations. We will continue to organize roundtables in the period leading up to the next World Congress with the first one taking place less than one month after this Congress. The next World Congress is scheduled for 2020 when we look forward to welcoming you back when Dani Rodrik will be taking over as President. Finally, we wish you an enjoyable and productive stay in Mexico! Tim Besley, President Kaushik Basu, President-Elect and Congress Chair REGISTRATION | Foyer de los Caminos Reales, Camino Real Hotel (Open at 8:00am) - 75 mins OPENING REMARKS | Minister of Finance Mexico, José Antonio Meade Coffee Break - Foyer de los Caminos Reales, Camino Real Hotel - 15 mins 10:15 to PLENARY: DYNAMICS OF INEQUALITY 11:30 Salón Camino Real, Camino Real Hotel - Speaker: Joseph Stiglitz | Chair: Kaushik Basu | Discussant: Gaël Giraud Coffee Break - Foyer de los Caminos Reales, Camino Real Hotel - 15 mins Oaxaca II Camino Real Hotel Taxco I Camino Real Hotel Salón Camino Real I Taxco II Camino Real Hotel Palmas Sheraton Hotel Sol I Sheraton Hotel Invited Academic Invited Academic Invited Academic Invited Academic STRUCTURAL CHANGE DEMOGRAPHY, POLITICS AND TOPICS IN EDUCATION Invited Academic 11:45 ACROSS URBANIZATION AND INSTITUTIONS AT AND HEALTH IN NEW ERA OF to 13:15 OCCUPATIONS PRODUCTIVITY CRITICAL JUNCTURES DEVELOPMENT GLOBALIZATION? Chair: Omar Licandro Chair: German Cubas Chair: Jeremiah Dittmar Chair: Susan Parker Chair: Dalia Marin RIDGE RIDGE LSE CIDE Lunch Session | Financing Development Through Long Term Capital Salón Camino Real, Camino Real Hotel - 75 mins Sponsored by Speakers: Graeme Pitkethly, Unilever | Mark Wiseman, BlackRock | Mukund Rajan, TATA | Timothy Koller, McKinsey Invited Academic Invited Academic Invited Academic UNDERSTANDING UNDERSTANDING THE THE MONETARY AND INTERNATIONAL PRODUCTIVITY GAP IN 14:30 LATIN AMERICA FISCAL HISTORY OF to TRADE, MACRO AND LATIN AMERICA 16:00 MIGRATION Chair: Manuel Toledo / Fernando Chair: Omar Licandro Chair: Lorenzo Caliendo Álvarez-Parra RIDGE RIDGE CAF Coffee Break - 15 mins Contributed Contributed Invited Academic Contributed Contributed Contributed 16:15 HUMAN CAPITAL / LABOUR ENVIRONMENTAL & HLEG REPORT ENVIRONMENTAL to MACRO APPLIED / EXPERIMENTAL Speakers: Miguel Niño-Zarazúa (29), Adan Silverio INEQUALITY / MINING 17:45 Speakers: Speakers: Manuel Hernandez (241), Murillo (600), Carlos Gradín (409), Gunes Gokmen (625) Speakers: Karsten Staehr (297), Priscila Speakers: Alexander Kiritikos (308), Speakers: Camilo Pecha (447), Anthony Joseph Stiglitz, Araceli Ortega Díaz (285), Edgardo Sica Castro (344), Wilson Pérez (310) Abul Barkat (512), Gerhard Riener (103) Mveyange (66), Kanika Mahajan (38) Ravi Kanbur (401) 18:15 18:30 to Welcome Reception - Sheraton Hotel 20:00 REGISTRATION | Foyer de los Caminos Reales, Camino Real Hotel (Open at 8:00am) - 75 mins OPENING REMARKS | Minister of Finance Mexico, José Antonio Meade Coffee Break - Foyer de los Caminos Reales, Camino Real Hotel - 15 mins 10:15 PLENARY: DYNAMICS OF INEQUALITY to 11:30 Salón Camino Real, Camino Real Hotel - Speaker: Joseph Stiglitz | Chair: Kaushik Basu | Discussant: Gaël Giraud Coffee Break - Foyer de los Caminos Reales, Camino Real Hotel - 15 mins Sol II Sheraton Hotel Morelia Camino Real Hotel Guerrero Camino Real Hotel Veracruz Camino Real Hotel Luna Sheraton Hotel Tundra Sheraton Hotel Oasis Sheraton Hotel Invited Academic FRONTIERS IN THE Invited Academic ANALYSIS OF ADVANCES IN INTERGENERATIONAL 11:45 INTERNATIONAL to MOBILITY AND EQUALITY 13:15 MACRO OF OPPORTUNITY: A Chair: Charles Engel GLOBAL PERSPECTIVE Chair: Luis Felipe Lopez Calva RIDGE WORLD BANK Lunch Session | Financing Development