The objective of this study is to analyze the impacts of a reduction in researched labor costs over some macroeconomic indicators. To do this, a multi-sector applied general equilibrium model was used. Six scenarios were built, including a reduction in social expenditures and increases in labor supply. It is noted that two aliquots had been used (25.10% and 45%) as representative of labor costs in Brazil. In general, the results indicate that the reduction of labor costs, considering the labor cost as 45%, is sufficient to generate new jobs.
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Article provided by Economics Department, Universidade Federal de Minas Gerais (Brazil) in its journal Nova Economia.
Volume (Year): 18 (2008) Issue (Month): 1 (January-April) Pages: 53-86 Download reference. The following formats are available: HTML
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