Navegando por Autor "Ferreira, Pedro Cavalcanti"

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Globalization and the Industrial Revolution
(2011) Ferreira, Pedro Cavalcanti; Pessoa, Samuel; MARCELO RODRIGUES DOS SANTOS
This paper argues that trade specialization played an indispensable role in sup porting the Industrial Revolution. We calibrate a two-good and two-sector overlapping generations model to Englandís historical development and investigate how much dif ferent Englandís development path would have been if it had not globalized in 1840. We show that the two-sectors closed economy model cannot explain the fall in the value of land relative to wages observed in the 19th century and that, absent globalization, the British economy would never have escaped its Malthusian trap.
Globalization and the Industrial revolution
(2016) MARCELO RODRIGUES DOS SANTOS; Ferreira, Pedro Cavalcanti; Pessôa, Samuel
Migração, seleção e diferenças regionais de renda no Brasil
(2005) Santos Júnior, Enestor da Rosa dos; NAERCIO AQUINO MENEZES FILHO; Ferreira, Pedro Cavalcanti
Este trabalho tem como objetivo testar se os brasileiros que moram em uma unidade federativa diferente da unidade onde nasceram — os migrantes — formam um grupo positivamente selecionado (isto é, um grupo em média mais apto, motivado, empreendedor ou ambicioso do que o outro grupo). Utilizando a Pesquisa Nacional por Amostra de Domicílios (PNAD) de 1999, mostramos que os migrantes ganham mais, em média, tanto em relação aos não-migrantes que moram nos estados que os recebem, como em relação aos não-migrantes que são seus conterrâneos, inclusive quando controlamos por uma série de variáveis importantes na determinação da renda do trabalho. Concluímos, então, que os migrantes no Brasil constituem um grupo positivamente selecionado.
The effect of social security, health, demography and technology on retirement
(2013) MARCELO RODRIGUES DOS SANTOS; Ferreira, Pedro Cavalcanti
The Effect of Social Security, Health, Demography and Technology on Retirement
(2012) Ferreira, Pedro Cavalcanti; MARCELO RODRIGUES DOS SANTOS
This article studies the determinants of the labor force participation of elderly American males and investigates the factors that may account for the changes in retirement between 1950 and 2000. We develop a life-cycle general equilibrium model with endogenous retirement that embeds Social Security legislation and Medicare. Individuals are ex ante heterogeneous with respect to their preferences for leisure and face uncertainty about labor productivity, health status and out-of-pocket medical expenses. The model is calibrated to the U.S. economy in 2000 and is able to reproduce very closely the retirement behavior of the American population. It reproduces the peaks in the distribution of Social Security applications at ages 62 and 65 and the observed facts that low earners and unhealthy individuals retire earlier. It also matches very closely the increase in retirement from 1950 to 2000. Changes in Social Security policy - which became much more generous - and the introduction of Medicare account for most of the expansion of retirement. In contrast, the isolated impact of the increase in longevity was a delaying of retirement.
The impact of aids on income and human capital
(2011) MARCELO RODRIGUES DOS SANTOS; Ferreira, Pedro Cavalcanti; Pessoa, Samuel
Trade, structural transformation and growth in China
(2013) Ferreira, Pedro Cavalcanti; MARCELO RODRIGUES DOS SANTOS; Silva, Leonardo Fonseca da
China's recent performance in economic growth was characterized by high investment rate, increase in international trade, strong productivity growth in agriculture and nonfarm sectors and the reallocation of labor across sectors. We present a standard dynamic general equilibrium model of structural transformation for the Chinese economy to assess the contributions of the main drivers for the Chinese economic development. Our paper di§ers from other contributions to the literature by adding an external sector to the general equilibrium model of structural transformation. By doing that, we are able to estimate the contribution of trade to the economic development of China. We estimate that the contribution of trade to Chinaís economic growth was 26% of total economic growth during the period from 1980-2005. Moreover, the agricultural sector explained 27% of Chinese economic performance from 1980 to 2005.