In this paper we estimate the welfare cost of lethal violence in Brazil and analyze the impact of regional, educational, and gender heterogeneities. In the adopted approach, which is based on Rosen (1988) and Soares (2006), we calculate the marginal willingness to pay to avoid the risk of...

O objetivo deste artigo é testar empiricamente a existência de dualidade no mercado de trabalho brasileiro. O método de análise consiste em avaliar em que medida são observadas diferenças salariais entre trabalhadores que não são explicadas apenas por diferenças nos seus atributos...

This paper analyses monthly returns of 10 share portfolios negotiated at Bovespa between 1987 and 1997 in order to test the APT model. Macroeconomic factors were created as sources of common variance of these assets. The factors were statistically significant in explaining the relationship...

The fit of empirical Taylor Rules to Brazilian data improves if we consider the hypothesis of interest rate inertia. Inertia seems to be part of monetary policy of several countries and reflects the action of Central Banks of not adjusting once-for-all to changing conditions. This article...

Após rever brevemente algumas experiências inovadoras em política social na América Latina, o presente trabalho propõe uma reforma dos instrumentos de política social no Brasil. A reforma baseia-se na criação de um benefício social único, de natureza focalizada e condicional, ao qual...

In light of the market microstructure literature, we have compared the two main FX markets in Brazil: the spot market and the futures market (the next to mature contract). Our objective is to identify in which market FX rate is determined. We analyze FX markets at its micro level: its...