The Access to Capital by the Old: A Life-Cycle Perspective
IPEA Working Paper No. 685
48 Pages Posted: 15 Feb 2001
Date Written: December 1999
The present study attempts to describe access rates to different types of capital by age groups. Special emphasis is given to the old age. We use two types of methodologies: static age profiles and cohort analysis.
The assessment of resources will be structured under three headings: physical capital (financial assets, durable goods, housing, land, public services and transportation), human capital (schooling, technical education, age, experience and learn by doing), and social capital (employment, membership in trade unions and associations, political participation and family structure). The availability of new sources of data provides previously unmatched conditions to trace an asset profile of the poor in the Brazilian case.
The strategy is to analyze three different types of impact on social welfare caused by the growing assets of the poor. The first effect is the direct impact on social welfare. The second effect is to increase the potential to generate income. The third effect is that higher asset holdings improve the poor's ability to deal with adverse income shocks.
JEL Classification: J1, J14, J19
Suggested Citation: Suggested Citation