1 / 17

Macroeconomic Implications of Generational Wealth Transfer in Brazil: Research Summary 2005

This document summarizes the research activities of 2005 focusing on intergenerational transfers in Brazil. It includes presentations, papers, abstracts, and objectives related to private and other consumption estimates, health and education data analysis, impact assessment, and consumption age profiles. The text discusses data availability, historical series of public transfers, consumption patterns, and future research plans for 2006, emphasizing the need for accurate estimates and methodological considerations.

trilby
Download Presentation

Macroeconomic Implications of Generational Wealth Transfer in Brazil: Research Summary 2005

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Macroeconomic Aspects of Intergenerational TransfersBrazil Cassio M. Turra Bernardo L. Queiroz Elisenda Renteria-Perez

  2. Summary of 2005 activities • Two presentations (international seminars) • Three papers • Extended abstract (PAA 2006) • Section (ABEP 2006) • Research assistant: Elisenda Renteria-Perez (who is doing great!) • Two fronts: 1) prepare historical series of public transfers (SS); 2) estimate consumption age profiles

  3. Objectives • Discuss estimates of private consumption: 1987 (POF), 1996 (PPV), 2002 (POF) • Other Consumption: NTA Equivalence Scale vs. Engel • Health and Education: Regressions vs. Self-reported Data • Impact for future analyses

  4. Consumption age profiles: Data Available in Brazil PPV • Based on LSMS • Only for 1996 • 70% of the Brazilian population • Individual consumption on education and health POF and ENDEF • Provide weights to consumer price index • 1974, 1987, 1995, 2002 (maybe 1 for the 1960s) • Household consumption only

  5. 1) Per Capita Other Consumption – PPV 1996

  6. 2) Per Capita Other Consumption – NTA Scale

  7. 3) Per Capita Consumption of Health – PPV 1996

  8. 4) Per Capita Consumption of Health – Regression

  9. 5) Per Capita Consumption of Education – PPV 1996

  10. 6) Per Capita Consumption of Education–Regression

  11. Good News! Per Capita Total Consumption – PPV 1996

  12. But maybe not so good… Per Capita Total Consumption – PPV 1996

  13. Does it matter or not? Test: Average Age at Consumption

  14. Per Capita Total Consumption: 1987, 1996, 2002

  15. Discussion • Health: How to obtain better estimates? • Other Consumption: Should we apply the same NTA scale every year? • Are we artificially shaping the age profiles?

  16. Work Plan for 2006 • Re-estimate NTA for 1996 using Turra’s thesis and methods recently developed by Ron & Andy et al. • Write a paper using the 1996 estimates • Estimate historical series of public transfers: (education and health) • Write PAA paper for presentation at ABEP 2006 • Keep providing training to Elisenda • Organize weekly meetings at Cedeplar, Brazil

  17. Win our Sixth World Cup!

More Related