The Access to Capital by the Old: A Life-Cycle Perspective

IPEA Working Paper No. 685

48 Pages Posted: 15 Feb 2001

See all articles by Marcelo Neri

Marcelo Neri

Getulio Vargas Foundation (FGV) - Brazilian Institute of Economics

Mabel Nascimento

Getulio Vargas Foundation (FGV) - Brazilian Institute of Economics

Alexandre Pito

Getulio Vargas Foundation (FGV) - Brazilian Institute of Economics

Date Written: December 1999

Abstract

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

Neri, Marcelo and Nascimento, Mabel and Pito, Alexandre, The Access to Capital by the Old: A Life-Cycle Perspective (December 1999). IPEA Working Paper No. 685. Available at SSRN: https://ssrn.com/abstract=208168 or http://dx.doi.org/10.2139/ssrn.208168

Marcelo Neri (Contact Author)

Getulio Vargas Foundation (FGV) - Brazilian Institute of Economics ( email )

Centro de Polticas Sociais - CPS
Praia de Botafogo, 190 sala 801 - Botafogo
Rio de Janeiro 22253-900
Brazil
5521-559-5675 (Phone)
5521-551-3549 (Fax)

Mabel Nascimento

Getulio Vargas Foundation (FGV) - Brazilian Institute of Economics ( email )

Centro de Polticas Sociais - CPS
Rio de Janeiro 22253-900
Brazil

Alexandre Pito

Getulio Vargas Foundation (FGV) - Brazilian Institute of Economics ( email )

Centro de Polticas Sociais - CPS
Rio de Janeiro 22253-900
Brazil

Register to save articles to
your library

Register

Paper statistics

Downloads
74
Abstract Views
1,505
rank
319,150
PlumX Metrics