Now showing items 21-40 of 801

    • Education quality and returns to schooling: evidence from migrants in Brazil 

      Brotherhood, Luiz Mário Martins; Ferreira, Pedro Cavalcanti; Santos, Cézar Augusto Ramos (Escola de Pós-Graduação em Economia da FGV, 2017-02-08)
      We provide a new education quality index for states within a developing country using 2010 Brazilian data. This measure is constructed based on the notion that the financial returns obtained from an additional year of ...
    • Múltiplos contratos: o caso do sistema americano 

      Faro, Clovis de (Escola de Pós-Graduação em Economia da FGV, 2017)
      A adoção do sistema de múltiplos contratos (SMC), tal como originalmente formulado por De-Losso, Giovannetti e Rangel (2013), que focaram atenção em contratos de financiamento com prestações constantes (Tabela Price – TP), ...
    • Bailey's measure of the welfare costs of inflation as a general-equilibrium measure 

      Cysne, Rubens Penha (2017)
      Lucas (2000) has shown that Bailey’s formula for the welfare costs of inflation can be regarded as an approximation to the general-equilibrium measures that emerge from the Sidrauski and the shopping-time models. In this ...
    • Taxation of couples: a mirrleesian approach for non-unitary households 

      Costa, Carlos Eugênio da; Lima, Lucas Alves Estevam de (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-07-02)
      Optimal tax theory in the Mirrlees’ (1971) tradition implicitly relies on the assumption that all agents are single or that couples may be treated as individuals, despite accumulating evidence against this view of household ...
    • Economic growth and complementarity between stages of human capital 

      Ferreira, Pedro Cavalcanti; Delalibera, Bruno Ricardo (Fundação Getúlio Vargas. Escola de Pós-Graduação em Economia., 2016-06-29)
      We study the impact of the different stages of human capital accumulation on the evolution of labor productivity in a model calibrated to the U.S. from 1961 to 2008. We add early childhood education to a standard continuous ...
    • Health Care Reform or More Affordable Health Care? 

      Ferreira, Pedro Cavalcanti; Gomes, Diego Braz Pereira (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-06-17)
      This article investigates the impact on the U.S. economy of making health care more affordable. We compare health care cost reductions with the Patient Protection and Affordable Care Act (PPACA) using a rich life cycle ...
    • A critical value function approach, with an application to persistent time-series 

      Moreira, Marcelo J.; Mourão, Rafael; Moreira, Humberto Ataíde (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-06-06)
      Researchers often rely on the t-statistic to make inference on parameters in statistical models. It is common practice to obtain critical values by simulation techniques. This paper proposes a novel numerical method to ...
    • Fracking, China and the Global Economy 

      Ferreira, Pedro Cavalcanti; Trejos, Alberto (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016-05-04)
      We develop an intertemporal model of the international economy, where tradeable intermediate goods are produced with capital, labor and hydrocarbons, and used in the production of non-tradeable consumption and investment ...
    • Inattention in Individual Expectations 

      Cordeiro, Yara de Almeida Campos; Gaglianone, Wagner Piazza; Issler, João Victor (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2016)
      This paper investigates the expectations formation process of economic agents about infl ation rate. Using the Market Expectations System of Central Bank of Brazil, we perceive that agents do not update their forecasts ...
    • Optimal Mirrleesian taxation in non-competitive labor markets 

      Costa, Carlos Eugênio da; Maestri, Lucas Jóver (Escola de Pós-Graduação em Economia da FGV, 2015-12)
      We study optimal labor income taxation in non-competitive labor markets. Firms offer screening contracts to workers who have private information about their productivity. A planner endowed with a Paretian social welfare ...
    • Estimating Brazilian monthly GDP: a state-space approach 

      Issler, João Victor; Notini, Hilton Hostalácio (Escola de Pós-Graduação em Economia da FGV, 2015-11-30)
      The first contribution of this paper is to employ a superior interpolation method that enables to estimate, nowcast and forecast monthly Brazilian GDP for 1980-2012 in an integrated way; see Bernanke, Gertler and Watson ...
    • O novo federalismo social e o Rio: desenho de programas complementares de transferência de renda condicionada 

      Neri, Marcelo Côrtes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      Brazilian public policy entered in the so-called new social federalism through its conditional cash transfers. States and municipalities can operate together through the nationwide platform of the Bolsa Familia Program ...
    • Impactos de Incentivos Financeiros sobre o Desempenho Escolar: Evidências do Programa Cartão Família Carioca 

      Oliveira, Rafael Garcia Borges de; Neri, Marcelo Côrtes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      This study evaluates the program Cartão Família Carioca (CFC) conducted in the municipality of Rio de Janeiro, Brazil. Through the use of administrative data, we estimate the impact of financial incentives introduced by ...
    • Os efeitos macroeconômicos das transferências sociais: uma abordagem de matriz de contabilidade social 

      Neri, Marcelo Côrtes; Vaz, Fábio Monteiro; Souza, Pedro Herculano Guimarães Ferreira de (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      Government transfers to individuals and families play a central role in the Brazilian social protection system, accounting for almost 14 per cent of GDP in 2009. While their fiscal and redistributive impacts have been ...
    • Microinsurance: income risk, social security and the demand for private onsurance by low-income families 

      Neri, Marcelo Côrtes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-11-10)
      Insurance provision against uncertainties is present in several dimensions of peoples´s lives, such as the provisions related to, inter alia, unemployment, diseases, accidents, robbery and death. Microinsurance improves ...
    • The long-term effects of conditional cash transfers on child labor and school enrollment 

      Ferreira, Pedro Cavalcanti; Peruffo, Marcel Cortes (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-08-11)
      This paper investigates the long-term e ects of conditional cash transfers on school attainment and child labor. To this end, we construct a dynamic heterogeneous agent model, calibrate it with Brazilian data, and introduce ...
    • Life Cycle Models, Heterogeneity of Initial Assets,and Wealth Inequality 

      Ferreira, Pedro Cavalcanti; Gomes, Diego Braz Pereira (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-07-07)
      Life cycle general equilibrium models with heterogeneous agents have a very hard time reproducing the American wealth distribution. A common assumption made in this literature is that all young adults enter the economy ...
    • Consumption-Wealth Ratio and Expected Stock Returns: Evidence from Panel Data on G7 Countries 

      Castro, Andressa Souza Campos Monteiro; Issler, João Victor (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-07)
      Using the theoretical framework of Lettau and Ludvigson (2001), we perform an empirical investigation on how widespread is the predictability of cay {a modi ed consumption-wealth ratio { once we consider a set of important ...
    • "Método Gauss": inapropriado até no nome 

      Faro, Clovis de (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-05-27)
      Tal como ressaltado em de Faro e Guerra (2014), tem sido frequente em nossos tribunais, sentenças judiciais determinando que, relativamente ao caso de amortizações de dívidas com prestações constantes, a popular Tabela ...
    • Optimal two-sided tests for instrumental variables regression with heteroskedastic and autocorrelated errors 

      Moreira, Humberto Ataíde; Moreira, Marcelo J. (Fundação Getulio Vargas. Escola de Pós-graduação em Economia, 2015-05-21)
      This paper considers two-sided tests for the parameter of an endogenous variable in an instrumental variable (IV) model with heteroskedastic and autocorrelated errors. We develop the nite-sample theory of weighted-average ...