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...

Portuguese Abstract: A literatura econômica documenta que eventos extremos podem induzir alterações na propensão ao risco. Este estudo investiga se a crise 2008/2009 afetou o comportamento de investimento em diversos ativos, financeiros e reais, por parte de dezenas de milhares de cidadãos...

Portuguese Abstract: Este estudo utiliza dados do Survey of Consumer Finances (SCF) de 2007 e 2013 para examinar a propensão à poupança das famílias americanas no período de pré e pós-crise econômica, baseado-se no modelo de dois períodos de consumo/poupança de Bowman, Minehart e Rabin...

Spanish Abstract: No obstante la estrecha relación que existe entre la economía, la biología y la psicología desde finales del siglo XIX, –las principales categorías económicas tienen claras connotaciones psicológicas– la llamada “corriente principal” en economía no se ha...

This study has the purpose to evaluate the importance of establishing local quotas for the degree of focus of the Bolsa Família Program. With a focus degree in the order of 57%, the gain of the current system of the beneficiaries? selection on the Bolsa Família Program, when contrasted to a...

This paper aims to evaluate how public debt management in Brazil has affected its sustainability in the 1996-2007 period. In 2003 Brazilian public debt management changed the trade off between cost minimization and risk minimization emphasizing the first element. Using a Markov-Switching model...

There is virtually a consensus that the ratio of suicides committed with guns to total suicides is the best way to indirectly measure gun ownership across different locations. However, such a proxy is not accurate for any locality with low population density in view that suicides are rare...

There is virtually a consensus that the ratio of suicides committed with guns to total suicides is the best way to indirectly measure gun ownership across different locations. However, such a proxy is not accurate for any locality with low population density in view that suicides are rare...

This paper aims to evaluate how public debt management in Brazil has affected its sustainability in the 1996-2007 period. In 2003 Brazilian public debt management changed the trade off between cost minimization and risk minimization emphasizing the first element. Using a Markov-Switching model...