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Boosting Bolsa Família in Brazil would reduce inequality, says OECD

RIO DE JANEIRO, BRAZIL - Brazil could have made twice as much progress in reducing income inequality had it transferred the money spent on increasing pensions to Bolsa Família (Family Grant) beneficiaries.

The conclusion was reached by Jens Arnold, OECD senior economist, and Matheus Buenos, a student at the Toulouse School of Economics (France), in a new study.

Arnold, who was the economist responsible for following the Brazilian economy for several years, notes that social spending exceeds 15% of GDP in Brazil, of which 13% is for pensions.

When the government raises the minimum . . .

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