IDEAS home Printed from https://ideas.repec.org/a/euc/ancoec/v15y2000p49-83.html
   My bibliography  Save this article

FGTS: avaliação das propostas de reforma e extinção

Author

Listed:
  • Carvalho, Carlos Eduardo
  • Pinheiro, Maurício Mota Saboya

Abstract

The analysis of FGTS performance and actuarial position does not recommend the suppression or reduction of its enterprise payroll tax. In addition of running out of an important source of mandatory savings, able to add a 0,9% of GDP contribution to finance housing and infrastructure next years, such measures would imply a hard fiscal cost for several years, in order to finance the withdrawal of individual accounts, due to the different maturities of liabilities and assets. Besides, unless the society would accept a reduction of workers social protection to levels strongly below of international standards, it would cause another fiscal pressure, to increase the unemployment insurance program and another demands to support the dismissed workers. Finally, the allegated increase on formal employment is only potential, and could be far less than the employment decrease caused by the reduction of FGTS supported investment programs. The conclusion is that it´s better to maintain the FGTS in its present shape and to improve its activity, seeking a more efficient resource allocation, through better credit policies and controls on contribution collection, beside strong measures in view to a sharp reduction on evasion and swindle.

Suggested Citation

  • Carvalho, Carlos Eduardo & Pinheiro, Maurício Mota Saboya, 2000. "FGTS: avaliação das propostas de reforma e extinção," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 15, pages 1-35, January.
  • Handle: RePEc:euc:ancoec:v:15:y:2000:p:49-83
    as

    Download full text from publisher

    File URL: http://www.eco.unicamp.br/docprod/downarq.php?id=719&tp=a
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:euc:ancoec:v:15:y:2000:p:49-83. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Antonio Carlos Macedo e Silva). General contact details of provider: http://edirc.repec.org/data/ieuecbr.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.