Oliveira, Francisco Eduardo B.
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Beltrao, Kaizo I.
[Verfasser:in];
Pasinato, Maria Tereza M.
[Verfasser:in];
Ferreira, Monica Guerra
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Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 1999 erstellt
Beschreibung:
Not withstanding the positive social implications to diminish the country's housing deficit and stimulate labor demand in the civil construction area, this study proposes to evaluate the specific government aspect as manager of a fully funded program destined unemployment compensation (Fundo de Garantia por Tempo de Servico--FGTS), comparing its obtained returns to inflation (as measured by the General Price Index (IGP-DI) and to savings accounts' returns. The conclusion is that FGTS, except for the period after the Real Plan, has offered negative real returns, causing severe capital losses to workers