Brazil’s public pension expenditure is about 9 per cent of GDP, above the OECD average. Given that OECD countries are … generally not only wealthier, but also significantly older, Brazil’s pension expenditures are clearly excessive, draining … for only 5 per cent of total retirees. Given the demographic challenges Brazil is likely to face in the next decades …

security in Brazil. Making a certain number of strong hypotheses relative to the fiscal incidence of social security financing … by the states and the Union). Our results indicate that the financing of social security in Brazil is only slightly …