This paper contributes for an initial study on the empirical determinants of the portfolio allocation of retirement savings in Brazil. To this end, the work makes use of a database with disaggregated data on the allocation profile of employees participating in the closed pension fund of a major...

Este artigo simula os efeitos de reformas previdenciárias paramétricas na previdência social, e os resultados mais importantes são: a) o valor presente da dívida atuarial é equivalente a 1,9 PIB de 2005, no cenário básico; b) a interrupção do crescimento real do piso previdenciário, a...

The aim of the paper is to evaluate the main gender impacts generated by the recent Brazilian pension reform. The authors chose to focus attention on the two main rule alterations in the major pension regime (the RGPS administered by INSS): 1) the new benefit calculation formula, and 2) the...

This paper contributes for an initial study on the empirical determinants of the portfolio allocation of retirement savings in Brazil. To this end, the work makes use of a database with disaggregated data on the allocation profile of employees participating in the closed pension fund of a major...

The employer`s payroll contribution for pension system relief has been one of the most important topic on the debate about social security. Some advocates that the traditional source of funds for pension system tends to undergo a process of erosion.And there are critics, who argue that there is...