Pablo Astorga (Latin American Centre, St Antony’s College, Oxford OX2 6JF) Ame E. Bergés (Latin American Centre, St Antony’s College, Oxford OX2 6JF) Valpy Fitzgerald (Latin American Centre, St Antony’s College, Oxford OX2 6JF)
Abstract
Assessing the economic development of Latin America during the twentieth century requires reliable estimates of living standards as measured by per capita income, life expectancy, and literacy. New comparable series for Latin America suggest that these three indicators made the greatest strides during the period from 1940 to 1980. This progress is probably related to state-led industrialisation, improvements in public health, and urbanisation. Comparison with US levels reveals that while average per capita income has generally remained steady, relative living standards (measured by a composite welfare index) have risen gradually as life expectancy in the two regions has converged.
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Find related papers by JEL classification: I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare N36 - Economic History - - Labor and Consumers, Demography, Education, Income, and Wealth - - - Latin America; Caribbean
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