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Desemprego dos jovens no Brasil: os efeitos da estabilização da inflação em um mercado de trabalho com escassez de informação

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  • Mauricio Cortez Reis
  • José Márcio Camargo

Abstract

Following the inflation stabilization with the Real Plan in 1994, the youthunemployment rate in Brazil increased substantially relative to prime-age adultworkers. We argue in this paper that the increased wage rigid due to inflationstabilization and the employers? uncertainty about young workers productivity wereimportant factors for this unemployment rate pattern. More information aboutproductivity is revealed to the employer as the worker accumulates experience in thelabor market. Therefore, low inflation rates should have restricted firms? capacity tochange real wage as more information was acquired, and adjustments when theworker productivity was revealed lower than the real wage were realized thoughtemployment reduction. Using the Brazilian National Household Sample Survey[Pesquisa Nacional por Amostra de Domicílios (PNAD)] data from 1981 to 2002,the evidences are consistent with our argument. The results show that inflation isnegatively related to unemployment rate and positively associated to employmentduration, but these relationships are more intense for young workers.

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Article provided by FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil) in its journal Revista Brasileira de Economia.

Volume (Year): 61 (2008)
Issue (Month): 4 (July)
Pages: 493-518

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Handle: RePEc:fgv:epgrbe:v:61:n:4:a:4

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  1. Acemoglu, D. & Pischki, J.S., 1996. "Why Do Firms Train? Theory and Evidence," Working papers 96-7, Massachusetts Institute of Technology (MIT), Department of Economics.
  2. Gibbons, Robert & Katz, Lawrence F, 1991. "Layoffs and Lemons," Journal of Labor Economics, University of Chicago Press, vol. 9(4), pages 351-80, October.
  3. Topel, Robert H & Ward, Michael P, 1992. "Job Mobility and the Careers of Young Men," The Quarterly Journal of Economics, MIT Press, vol. 107(2), pages 439-79, May.
  4. Farber, Henry S & Gibbons, Robert, 1996. "Learning and Wage Dynamics," The Quarterly Journal of Economics, MIT Press, vol. 111(4), pages 1007-47, November.
  5. Smith, Jennifer C, 2000. "Nominal Wage Rigidity in the United Kingdom," Economic Journal, Royal Economic Society, vol. 110(462), pages C176-95, March.
  6. Deaton, Angus, 1985. "Panel data from time series of cross-sections," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 109-126.
  7. Browning, Martin & Deaton, Angus & Irish, Margaret, 1985. "A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle," Econometrica, Econometric Society, vol. 53(3), pages 503-43, May.
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Cited by:
  1. Enlinson Mattos & Veronica Orellano & elaine Pazello, 2009. "A Substituição de Trabalhadores como Instrumento para Redução de Gastos com Salários: Evidências para a Indústria Paulista," Revista Brasileira de Economia, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 63(2), pages 135-152, June.

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