A. Latina, above the rest of the world in income inequality

Latin America It remains, as in the past three decades, as the region of the planet with the greatest income inequality, according to the report presented this Friday by the Development Bank of Latin America (CAF) in Lime.

(What you need to know to understand the Medium Term Fiscal Framework).

“The lack of access to human capital formation, quality jobs and financial inclusion are key factors that perpetuate inequality between generations in Latin America and the Caribbean“, the CAF pointed out in a statement in which it highlighted the”family origin” as a fundamental element for a person’s progress options.

(Anti-tobacco measures generate millionaire profits, says the OECD).

The report ‘Inherited inequalities: The role of skills, employment and wealth in the opportunities of the new generations’ shows that 30% of Latin American youth share the same occupational position as their parents.

In the case of Peru, this percentage of professional stagnation amounts to 35%, one of the highest in the world, according to CAF economist Dolores de la Mata. “Taken together, high educational and occupational persistence lead to a very strong association in parent-child income“, he highlighted in the statement.

(Why is the Colombian peso such a volatile currency?).

The report explains that people who, because of social differences and the little education received in their first years of life, they have less work skills suffer a worsening of their conditions.

“The gaps are deepening and are evident in lower salaries and other labor results“, sustained the study that concludes that job opportunities They are not the same or for people with the same educational levelbut coming from different socioeconomic and family contexts.

(‘Corrientazo’ to the pocket and the palate: the impact of inflation).

For her part, the CAF Knowledge Manager, Verónica Frisanchowelcomed the fact that gender gaps in educational mobility have been reversed over time and are now in favor of women, especially in university education.

Frisancho indicated that these changes are necessary for greater social mobility, but regretted that they are not enough to alter the possibilities of labor advancement between men and women in Latin America.

EFE