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Assets, markets and poverty in Brazil

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  • Nascimento, Mabel
  • Neri, Marcelo Côrtes
  • Carvalho, Alexandre
  • Amadeo, Edward Joaquim

Abstract

This paper establishes a basis of research on the relationship between poverty, resources distribution and assets markets operation. The main objective is to help the implementation of capital enhancing policies towards the poor. The strategy followed is to analyze three different types of impacts that increasing the assets of the poor may have on social welfare. The first part of the paper evaluates the possession of different types of capital along the income distribution. This exercise can be perceived as an augmentation of income based poverty measures by incorporating the direct effect exerted by asset holdings on social welfare. The second part of the paper describes the income generating impact that asset holdings may have on poverty. It studies how the accumulation of different types of capital impact income-based poverty outcomes using logistic regressions. The third part studies the effect that increasing asset holdings of the poor has on improving poor individuals ability in dealing with adverse income shocks. This consist in studying the interaction between earnings dynamics, capital market imperfections and financial behavior taking into account different time horizons. Long-run issues are related to the study of low frequency income fluctuations and life-cycle assets holdings using cohort analysis. Short-run issues are related to assessing the poor behavior and welfare losses in dealing with high frequency gaps between income and desired consumption. The analysis earnings and poverty dynamics is conducted with panel data while qualitative data is used for the analysis of household short-run financial behavior.

Suggested Citation

  • Nascimento, Mabel & Neri, Marcelo Côrtes & Carvalho, Alexandre & Amadeo, Edward Joaquim, 2000. "Assets, markets and poverty in Brazil," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 374, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
    • Handle: RePEc:fgv:epgewp:374
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    References listed on IDEAS

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    1. Ravallion, Martin & Datt, Gaurav, 1995. "Growth and poverty in rural India," Policy Research Working Paper Series 1405, The World Bank.
    2. Lipton, Michael & Ravallion, Martin, 1995. "Poverty and policy," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 3, chapter 41, pages 2551-2657, Elsevier.
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    Cited by:

    1. Maria da Piedade Morais & Bruno de Oliveira Cruz, 2015. "Demand for Housing and Urban Services in Brazil: a Hedonic Approach," Discussion Papers 0120, Instituto de Pesquisa Econômica Aplicada - IPEA.
    2. Maria da Piedade Morais, 2005. "The Housing Conditions in Brazilian Urban Areas During the 1990s," Discussion Papers 1085, Instituto de Pesquisa Econômica Aplicada - IPEA.
    3. Maria da Piedade Morais & Bruno de Oliveira Cruz & Carlos Wagner de Albuquerque Oliveira, 2015. "Residential Segregation and Social Exclusion in Brazilian Housing Markets," Discussion Papers 0122, Instituto de Pesquisa Econômica Aplicada - IPEA.
    4. Maria da Piedade Morais, 2015. "The Housing Conditions in Brazilian Urban Areas during the 1990s," Discussion Papers 0146, Instituto de Pesquisa Econômica Aplicada - IPEA.

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