The paper investigates the allocative efficiency of the investment policy of pension funds established within the Welfare and Social Security System of the Brazilian federal entities. For that, it develops a model of strategic asset allocation for a pension fund whose resources fund a...

The versions of 2002-2003 and 2008-2009 of the Household Budget Survey (POF) from the IBGE bring two questions on the subjective evaluation of Brazilian families about the sufficiency of their income. While the first question draws direct information on the degree of family's satisfaction with...

Understand the evolution of the size and allocation of household savings throughout the life cycle is of fundamental importance in the design of public policies. In this sense, durable goods expenditure cannot be ignored as it is an important form of savings with significant participation in...

Using data from the 2017-2018 Households Budget Survey, the work investigates the demographic and socioeconomic determinants of the Brazilian families investment in the basic education of their school-age members, which is processed through three sequential decisions: school attendance, the...

The work investigates the demographic, economic and social determinants of the degree of satisfaction of the Brazilian househols with their income. For that, a ordered logit model is estimated in order to explain the performance of a subjective indicator of income sufficiency built with basis on...

The home bias is observed in the composition of portfolios of different classes of financial assets. The literature offers conflicting arguments about the rationality of this behavior in the case of the portfolios invested in short-term securities, commonly known as currency deposits. In the...