In this paper, we calculate the necessary payroll tax to reach the financial equilibrium of the retirement system for formal workers in the private sector in Brazil (INSS). Such an exercise allows us to identify the formal employees who contribute to the increase of the INSS deficit. Although we...

The objective of this study is to evaluate the different channels in which human capital affects income level and growth and to use a proxy of human capital variable that incorporates quantitative and qualitative aspects of this factor. The human capital proxy that will be used is years of...

We studied the cyclical and growth properties of Brazilian per capita output from 1850 to 2000. Contrary to the experience of some developed countries, we did not find large changes in the volatility of per capita output. However, we obtained evidence that the oscillations in economic activity...

A recurrent issue in the empirical literature that relates real exchange rate levels and growth is the relatively undervalued level of the Asian currencies when compared to Latin American and African ones for the period 1970 to 1999. In most works, higher per capita growth rates and lower...

We present a simulation exercise of classical free competition in which individual capitals attracted by prospective rates of profit move across industries in their Moore neighborhoods. Capitals, in general, never settle down to a fully equalized general rate of profit position and the most...

This paper evaluates the main determinants of the American Foreign Direct Investment (IDE) flows throughout the recent period. We estimate a gravity model for testing the hypothesis that transnational corporations' decisions concerning IDE are influenced by the sector of activity to which they...

This paper makes an analysis of the evolution of real earnings mobility for Brazilian workers from 1984 to 2001. The evolution of five real earnings mobility indicators is calculated using the Pesquisa Mensal de Emprego data set. The economic and demographic determinants of real earnings...

This paper analyses the patterns of technological activities found in 53,102 Brazilian industrial firms that do not differentiate products and have lower productivity, a set which encompasses 78.5% of the total number of Brazilian industrial firms (foreign capital firms and firms dedicated to...

The paper investigates de relationship between employment rate and mortality rate in Brazil during the period 1981-2002. It briefly reviews the literature on macroeconomic conditions and health, emphasizing the existence of two controversial hypothesis. The Ruhm's Hypothesis suggest that high...

This paper investigates the presence of non-linear mechanisms of the pass- through from exchange rate to inflation in Brazil. In particular, it estimates a Phillips curve with a threshold for the passthrough. The paper examines whether the short-run magnitude of the pass-through is affected by...