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Given that the current official pension plan in Brazil is not feasible, several reform proposals have been recently submited. In a previous work, we have developed a scheme which has its fundamentals based on a market approach. A recurrent criticism to this proposal is centered on the fact that w...


Carvalho, José L.Faro, Clovis De[From the Brazilian Pay-As-You-Go Pension System to Capitalization: Bailing out the Government]From the Brazilian Pay-As-You-Go Pension System to Capitalization: Bailing out the Government

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