We examine the extent to which education is a main determinant of affluence in Brazil. We focus on workers in the top 1% of the labor earnings distribution. We use university courses data from the Sample Questionnaire of the 2010 Census. Our main conclusion is that while education may be...

The study examines a particular set of institutional determinants of inequality, the public pensions. It tests the hypothesis that different rules regarding a maximum limit for the value of benefits in the pension subsystem of public and private sector workers makes the system as a whole...

We propose a methodology to conciliate the distributions of incomes of Census 2010 and of DIRPF 2010 (personal income tax reports). Applying this methodology, we decompose inequality by classes, regions and sex, race and age groups. We use annualized incomes and detailed educational information...

Brazilian Foreign Exchange (FX) markets have a unique structure: most trades are conducted in the derivatives (futures) market. We study price discovery in the FX markets in Brazil and indicate which market (spot or futures) adjusts more quickly to the arrival of new information. We find that...

We present the preliminary results of our analysis of top incomes in Brazil from 2006 to 2012. We describe the evolution of the income shares of the top 1% and the top 5% and estimate a “tax-corrected†Gini coefficient. The data come from personal income tax returns, national accounts...