We analyze a two-period modell where risk-averse students divide their time between risky education, leisure, and work. The educated can migrate. Wagetax financed transfer to students acts as an insurance, and increases both investment in education and demand for leisure. We drive sufficient...

The paper presents the main results produced by the People's Security Surveys applied in Argentina, Brazil and Chile in 2001. A comparative analysis across countries is developed, trying to point out the similarities and contrasts among behavioral patterns according to the notions of...

The paper presents an analysis of the Continuous Cash Benefit Programme (BPC, which stands for Benefício de Prestação Continuada in Portuguese), an unconditional cash transfer to the elderly or to extremely poor individuals with disabilities. The information used in the assessment stems from...

In this paper, we test empirically for strategic behaviour among the states using the cash support program Aid to Families with Dependant Children (AFDC). To motivate the empirical work, we adept Wildasinś [41] model of income redistribution to a model of "interjurisdictional welfare...