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This paper makes a partial assessment of the Brazilian privatization program in the 1990s. The article focuses mainly … government's stabilization attempts has reduced the fiscal benefits of privatization, and inhibited the government's capacity to …, the main objective of the privatization program has been to highlight the commitment to market-oriented reforms - in a …
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Public disability insurance (DI) programs in many countries face pressure to reduce their generosity in order to remain sustainable. In this paper, we investigate the welfare effects of giving a larger role to private insurance markets in the face of public DI cuts. Exploiting a unique reform...
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