This paper studies the factors that determine the financial literacy level of the Portuguese individual investors and explores the relation between financial literacy and financial behavior, particularly portfolio diversification. Our results suggest that the average financial literacy level of...

This paper aims to present and analyze the functions performed by the Brazilian federal banks, in a Keynesian perspective, emphasizing its role: i) in promoting economic and regional development, by directing credit to specific sectors and regions, ii) the anti-cyclical action, especially after...

This article is based on a survey conducted within the framework of a technical cooperation agreement between the National Justice Council (CNJ) and the Institute for Applied Economic Research (IPEA), with the purpose of presenting an overview of criminal recidivism based on data collected in...

This article is based on a survey conducted within the framework of a technical cooperation agreement between the National Justice Council (CNJ) and the Institute for Applied Economic Research (IPEA), with the purpose of presenting an overview of criminal recidivism based on data collected in...

The European Employment Strategy has set the goal of raising the retirement age of workers in the EU through a strategy of "active ageing". Yet despite some progress over the last decade, empirical data show persistent diversity across EU member states. Institutional arrangements of social and...