This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries.

Contents:

1. Cash Transfers in Latin America: Effects on Poverty and Redistribution

Ver nica Amarante and Mart n Brun

2. How Sensitive Is Regional Poverty Measurement in Latin America to the Value of the Poverty Line?

R. Andr s Casta eda, Santiago Garriga, Leonardo Gasparini, Leonardo R. Lucchetti, and Daniel Valderrama

3. Homicides and the Age of Criminal Responsibility: A Density Discontinuity Approach

Francisco J. M. Costa, Jo o S. de Faria, Felipe S. Iachan, and B rbara Caballero

4. Fool's Gold: The Impact of Venezuelan Currency Devaluations on Multinational Stock Prices

Dany Bahar, Carlos A. Molina, and Miguel Angel Santos

5. Downward Wage Rigidities in the Mexican Labor Market: 1996-2011

Laura Juarez and Daniel Casarin de la Cabada

6. I Sell My Vote, and So What? Incidence, Social Bias, and Correlates of Clientelism in Colombia

Leopoldo Fergusson, Carlos Molina, and Juan Felipe Ria o