An Ex-Ante Evaluation of the Impact of Social Insurance Policies on Labor Supply in Brazil : The Case for Explicit Over Implicit Redistribution

This paper solves and estimates a stochastic model of optimal inter-temporal behavior to assess how changes in the design of the income protection and pension systems in Brazil could affect savings rates, the share of time that individuals spend ou...

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Bibliographic Details
Main Authors:	Robalino, David A., Zylberstajn, Eduardo, Zylberstajn, Helio, Afonso, Luis Eduardo
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	ADVISORY SERVICE AGE GROUP AGE GROUPS ASSET ACCUMULATIONS AVERAGE WAGE BANK LENDING BENEFICIARY BONDS BUSINESS CYCLE CAPITAL ACCUMULATION CAPITAL ACCUMULATIONS CASH TRANSFER CASH TRANSFERS CHILD LABOR COMMUNITY DEVELOPMENT CONSUMPTION SMOOTHING CONTRACT LABOR CONTRIBUTION RATE CREDIT CONSTRAINTS DEMOGRAPHIC DEMOGRAPHIC CHANGE DISABLED DISMISSAL DISPLACED WORKERS EARLY CHILDHOOD EARLY RETIREMENT EARNING EARNINGS ECONOMIC CHARACTERISTICS ECONOMIC DECISIONS ECONOMIC GROWTH ECONOMIC THEORY EMPLOYEE EMPLOYER EMPLOYERS EMPLOYMENT EMPLOYMENT STATUS EMPOWERMENT EQUILIBRIUM WAGES EXOGENOUS SHOCKS EXPENDITURE EXPENDITURES EXPLICIT SUBSIDIES FINANCIAL SUSTAINABILITY FIRM SIZE FOOD PRICES FORMAL SECTOR WAGE FORMAL SECTOR WORKERS FUND MANAGERS GENDER GENERAL EQUILIBRIUM GLOBALIZATION GROSS REPLACEMENT RATE GROWTH RATE GUARANTEE FUND HOLDINGS HOUSEHOLD SURVEY HOUSEHOLD SURVEYS HOUSEHOLDS HUMAN CAPITAL HUMAN DEVELOPMENT IMPLICIT SUBSIDIES IMPLICIT TAX INCENTIVE PROBLEMS INCOME INCOME GROUPS INCOME LEVEL INCOME LEVELS INCOME SUPPORT INCOMES INDEXED BONDS INDIVIDUAL RETIREMENT INEQUALITY INFLATION INFORMAL EMPLOYMENT INFORMAL SECTOR INFORMAL SECTOR WORKERS INFORMATION SYSTEMS INNOVATION INSTITUTION BUILDING INSTRUMENT INSURANCE POLICIES INTEREST RATE INTEREST RATES INTERNAL RATE OF RETURN INTERNAL RATES OF RETURN INTERNATIONAL BANK INVENTORY JOB CREATION JOB SECURITY JOBS LABOR DEMAND LABOR ECONOMICS LABOR FORCE LABOR FORCE PARTICIPATION LABOR LAWS LABOR MARKET LABOR MARKET OUTCOMES LABOR MARKET POLICIES LABOR MARKETS LABOR MIGRATION LABOR MOBILITY LABOR PRODUCTIVITY LABOR REGULATION LABOR REGULATIONS LABOR SUPPLY LAYOFF LEVEL OF ASSETS LEVEL OF RISK LIFE EXPECTANCY LOC MANDATED BENEFITS MARKET TRENDS MICRO-DATA MICRODATA MINIMUM WAGE OCCUPATIONS OLD-AGE PENSIONS OLDER WORKERS OUTPUT PENSION PENSION EXPENDITURE PENSION EXPENDITURES PENSION REFORM PENSION RIGHTS PENSION SYSTEM PENSION SYSTEM REFORMS PENSION SYSTEMS PENSIONS PERSONAL SAVING PRELIMINARY RESULTS PRESENT VALUE PRIVATE SECTOR PRIVATE SECTOR WORKERS PUBLIC PENSIONS PUBLIC POLICY RATE OF RETURN RATES OF RETURN REAL INTEREST REAL INTEREST RATE REPLACEMENT RATES RETIREMENT RETIREMENT AGE RETIREMENT AGES RISK AVERSION SAFETY SAFETY NET SAFETY NETS SAVINGS SAVINGS ACCOUNTS SAVINGS CAPACITY SAVINGS RATES SELF-EMPLOYMENT SERVANTS SOCIAL FUND SOCIAL FUNDS SOCIAL INCLUSION SOCIAL INSURANCE SYSTEM SOCIAL PROTECTION SOCIAL SAFETY NET SOCIAL SAFETY NETS SOCIAL SECURITY SOCIAL WELFARE SOURCE OF INFORMATION SUBSTITUTION EFFECTS TRANSITION COUNTRIES TRANSPARENCY TURNOVER UNEMPLOYED UNEMPLOYED INDIVIDUALS UNEMPLOYED WORKERS UNEMPLOYMENT UNEMPLOYMENT ASSISTANCE UNEMPLOYMENT BENEFITS UNEMPLOYMENT INSURANCE UNEMPLOYMENT INSURANCE BENEFIT UNEMPLOYMENT INSURANCE BENEFITS UNEMPLOYMENT INSURANCE SYSTEM UNEMPLOYMENT SPELL UNEMPLOYMENT SPELLS UNFUNDED LIABILITIES UNINTENDED CONSEQUENCES URBAN AREAS VALUE OF ASSETS WAGE PREMIUM WAGES WITHDRAWAL WORKER YOUTH EMPLOYMENT YOUTH LABOR
Online Access:	http://documents.worldbank.org/curated/en/2008/07/20170398/ex-ante-evaluation-impact-social-insurance-policies-labor-supply-brazil-case-explicit-over-implicit-redistribution http://hdl.handle.net/10986/20196

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http://documents.worldbank.org/curated/en/2008/07/20170398/ex-ante-evaluation-impact-social-insurance-policies-labor-supply-brazil-case-explicit-over-implicit-redistribution
http://hdl.handle.net/10986/20196

An Ex-Ante Evaluation of the Impact of Social Insurance Policies on Labor Supply in Brazil : The Case for Explicit Over Implicit Redistribution

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