We examine the extent to which education is a main determinant of affluence in Brazil. We focus on workers in the top 1% of the labor earnings distribution. We use university courses data from the Sample Questionnaire of the 2010 Census. Our main conclusion is that while education may be...

The study examines a particular set of institutional determinants of inequality, the public pensions. It tests the hypothesis that different rules regarding a maximum limit for the value of benefits in the pension subsystem of public and private sector workers makes the system as a whole...

We propose a methodology to conciliate the distributions of incomes of Census 2010 and of DIRPF 2010 (personal income tax reports). Applying this methodology, we decompose inequality by classes, regions and sex, race and age groups. We use annualized incomes and detailed educational information...

Brazilian Foreign Exchange (FX) markets have a unique structure: most trades are conducted in the derivatives (futures) market. We study price discovery in the FX markets in Brazil and indicate which market (spot or futures) adjusts more quickly to the arrival of new information. We find that...

We examine how inequality measures, data sources, income brackets, ranking variables of tabulated tax data, underestimation of incomes in the bottom of the distribution and the methodology used to correct inequality affects the trends of inequality in total income among adults in Brazil between...

The study examines a particular set of institutional determinants of inequality, the public pensions. It tests the hypothesis that different rules regarding a maximum limit for the value of benefits in the pension subsystem of public and private sector workers makes the system as a whole...

Brazilian Foreign Exchange (FX) markets have a unique structure: most trades are conducted in the derivatives (futures) market. We study price discovery in the FX markets in Brazil and indicate which market (spot or futures) adjusts more quickly to the arrival of new information. We find that...

We examine the extent to which education is a main determinant of affluence in Brazil. We focus on workers in the top 1% of the labor earnings distribution. We use university courses data from the Sample Questionnaire of the 2010 Census. Our main conclusion is that while education may be...

We propose a methodology to conciliate the distributions of incomes of Census 2010 and of DIRPF 2010 (personal income tax reports). Applying this methodology, we decompose inequality by classes, regions and sex, race and age groups. We use annualized incomes and detailed educational information...