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Macroeconomic Aspects of Intergenerational Transfers Brazil

Macroeconomic Aspects of Intergenerational Transfers Brazil. Cassio M. Turra Bernardo L. Queiroz Elisenda Renteria-Perez. Summary of 2005 activities. Two presentations (international seminars) Three papers Extended abstract (PAA 2006) Section (ABEP 2006)

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Macroeconomic Aspects of Intergenerational Transfers Brazil

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  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!

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