Desigualdade regional na distribuição dos recursos previdenciários: uma análise das transferências intrageracionais e de período

This paper aims to estimate the distributional effects of Social Security, among Brazilian regions, addressing two aspects: transfers between individuals of the same cohort but of different regions, i.e., cross-subsidies to consider the benefits and contributions made over life cycle, and transfers that occur among regions, from 2008. Through the use of measures of financial return, it checks if the system draws resources through tax from richer regions to deliver them, on payment of pensions, to the poorest. Exercises to standardize the age structure, pattern of mortality and socioeconomic factors are performed in order to isolate these components inter-regional flows of public pension funds. The results show that the system shows progressive fulfilling its social role in regional distribution of system funds. The protection afforded mainly the Northeast, implies, in contrast, in a considerable size of funds transfers between regions, with losses non trivial for the Southeast region and a negative net return to the North from the perspective of transfer period.