On impatience, education, returns, and inequality

In this paper we investiga te the impact of initial wealth anel impatience heterogeneities, as wcll as differential access to financia! markets on povcrty anel inequality, anel cvaluate some mechanisms that could be used to alleviate situations in which these two issues are alarming. To address our...

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Detalhes bibliográficos
Autor: Guimarães, Guido Couto Penino
Tipo de documento: dissertação
Estado:Versão publicada
Data de publicação:2015
País:Brasil
Recursos:Fundação Getulio Vargas (FGV)
Repositório:Repositório Institucional do FGV (FGV Repositório Digital)
Idioma:inglês
OAI Identifier:oai:repositorio.fgv.br:10438/13785
Acesso em linha:https://hdl.handle.net/10438/13785
Access Level:Acceso aberto
Palavra-chave:Education
Inequality
Misery
Impatience
DSGE model, education, inequality, misery, impatience.
Economia
Modelos macroeconômicos
Educação e nível de renda
Renda - Distribuição
Igualdade
Programas de sustentação de renda
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dc.title.eng.fl_str_mv On impatience, education, returns, and inequality
title On impatience, education, returns, and inequality
spellingShingle On impatience, education, returns, and inequality
Guimarães, Guido Couto Penino
Education
Inequality
Misery
Impatience
DSGE model, education, inequality, misery, impatience.
Economia
Modelos macroeconômicos
Educação e nível de renda
Renda - Distribuição
Igualdade
Programas de sustentação de renda
title_short On impatience, education, returns, and inequality
title_full On impatience, education, returns, and inequality
title_fullStr On impatience, education, returns, and inequality
title_full_unstemmed On impatience, education, returns, and inequality
title_sort On impatience, education, returns, and inequality
dc.creator.none.fl_str_mv Guimarães, Guido Couto Penino
author Guimarães, Guido Couto Penino
author_facet Guimarães, Guido Couto Penino
author_role author
dc.contributor.unidadefgv.por.fl_str_mv Escolas::EPGE
dc.contributor.affiliation.none.fl_str_mv FGV
dc.contributor.member.none.fl_str_mv Berriel, Tiago Couto
Santos, Cézar Augusto Ramos
dc.contributor.advisor1.fl_str_mv Ferreira, Pedro Cavalcanti Gomes
contributor_str_mv Ferreira, Pedro Cavalcanti Gomes
dc.subject.por.fl_str_mv Education
Inequality
Misery
Impatience
DSGE model, education, inequality, misery, impatience.
topic Education
Inequality
Misery
Impatience
DSGE model, education, inequality, misery, impatience.
Economia
Modelos macroeconômicos
Educação e nível de renda
Renda - Distribuição
Igualdade
Programas de sustentação de renda
dc.subject.area.por.fl_str_mv Economia
dc.subject.bibliodata.por.fl_str_mv Modelos macroeconômicos
Educação e nível de renda
Renda - Distribuição
Igualdade
Programas de sustentação de renda
description In this paper we investiga te the impact of initial wealth anel impatience heterogeneities, as wcll as differential access to financia! markets on povcrty anel inequality, anel cvaluate some mechanisms that could be used to alleviate situations in which these two issues are alarming. To address our qucstion we develop a dynamic stochastic general cquilibrium modo! of educational anel savings choicc with heterogeneous agents, where individuais differ in their initial wealth anel in their discount factor. We find that, in the long run, more patient households tend to be wealthier anel more educated. However, our baseline model is not able to give as much skewness to our income distribution as it is rcquircd. We then propose a novel returns structure based on empírica! observation of heterogeneous returns to different portfolios. This modification solves our previous problem, evidencing the importance of the changes made in explaining the existing levels of inequality. Finally, we introducc two kinds of cash transfers programs- one in which receiving thc benefit is conditional on educating the household's youngster (CCTS) anel one frec of conditionalities (CTS) - in order to evaluate the impact of these programs on the variables of concern1 Wc fine! that both policies have similar qualitativo rcsults. Quantitatively, howcvcr, the CCTS outperforms its unconclitional version in all fielcls analyzecl, revealing itself to be a preferable policy.
publishDate 2015
dc.date.accessioned.fl_str_mv 2015-06-12T20:07:40Z
dc.date.available.fl_str_mv 2015-06-12T20:07:40Z
dc.date.issued.fl_str_mv 2015-04-13
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.citation.fl_str_mv GUIMARÃES, Guido Couto Penino. On impatience, education, returns, and inequality. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2015.
dc.identifier.uri.fl_str_mv https://hdl.handle.net/10438/13785
identifier_str_mv GUIMARÃES, Guido Couto Penino. On impatience, education, returns, and inequality. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2015.
url https://hdl.handle.net/10438/13785
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.source.none.fl_str_mv reponame:Repositório Institucional do FGV (FGV Repositório Digital)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Repositório Institucional do FGV (FGV Repositório Digital)
collection Repositório Institucional do FGV (FGV Repositório Digital)
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spelling Escolas::EPGEFGVBerriel, Tiago CoutoSantos, Cézar Augusto RamosFerreira, Pedro Cavalcanti Gomes2015-06-12T20:07:40Z2015-06-12T20:07:40Z2015-04-13GUIMARÃES, Guido Couto Penino. On impatience, education, returns, and inequality. Dissertação (Mestrado em Economia) - FGV - Fundação Getúlio Vargas, Rio de Janeiro, 2015.https://hdl.handle.net/10438/13785In this paper we investiga te the impact of initial wealth anel impatience heterogeneities, as wcll as differential access to financia! markets on povcrty anel inequality, anel cvaluate some mechanisms that could be used to alleviate situations in which these two issues are alarming. To address our qucstion we develop a dynamic stochastic general cquilibrium modo! of educational anel savings choicc with heterogeneous agents, where individuais differ in their initial wealth anel in their discount factor. We find that, in the long run, more patient households tend to be wealthier anel more educated. However, our baseline model is not able to give as much skewness to our income distribution as it is rcquircd. We then propose a novel returns structure based on empírica! observation of heterogeneous returns to different portfolios. This modification solves our previous problem, evidencing the importance of the changes made in explaining the existing levels of inequality. Finally, we introducc two kinds of cash transfers programs- one in which receiving thc benefit is conditional on educating the household's youngster (CCTS) anel one frec of conditionalities (CTS) - in order to evaluate the impact of these programs on the variables of concern1 Wc fine! that both policies have similar qualitativo rcsults. Quantitatively, howcvcr, the CCTS outperforms its unconclitional version in all fielcls analyzecl, revealing itself to be a preferable policy.engEducationInequalityMiseryImpatienceDSGE model, education, inequality, misery, impatience.EconomiaModelos macroeconômicosEducação e nível de rendaRenda - DistribuiçãoIgualdadeProgramas de sustentação de rendaOn impatience, education, returns, and inequalityinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVGuimarães, Guido Couto PeninoLICENSElicense.txtlicense.txttext/plain; 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