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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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  • Maurício 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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Bibliographic Info

Paper provided by Instituto de Pesquisa Econômica Aplicada - IPEA in its series Discussion Papers with number 1116.

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Length: 45 pages
Date of creation: Sep 2005
Date of revision:
Handle: RePEc:ipe:ipetds:1116

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  1. Smith, Jennifer C, 2000. "Nominal Wage Rigidity in the United Kingdom," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 110(462), pages C176-95, March.
  2. Robert H. Topel & Michael P. Ward, 1988. "Job Mobility and the Careers of Young Men," NBER Working Papers 2649, National Bureau of Economic Research, Inc.
  3. Robert Gibbons & Lawrence Katz, 1989. "Layoffs and Lemons," NBER Working Papers 2968, National Bureau of Economic Research, Inc.
  4. Daron Acemoglu & Jörn-Steffen Pischke, 1998. "Why Do Firms Train? Theory And Evidence," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 113(1), pages 78-118, February.
  5. Deaton, Angus, 1985. "Panel data from time series of cross-sections," Journal of Econometrics, Elsevier, Elsevier, vol. 30(1-2), pages 109-126.
  6. Henry S. Farber & Robert Gibbons, 1994. "Learning and Wage Dynamics," Working Papers, Princeton University, Department of Economics, Industrial Relations Section. 707, Princeton University, Department of Economics, Industrial Relations Section..
  7. Browning, Martin & Deaton, Angus & Irish, Margaret, 1985. "A Profitable Approach to Labor Supply and Commodity Demands over the Life-Cycle," Econometrica, Econometric Society, Econometric Society, vol. 53(3), pages 503-43, May.
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Cited by:
  1. Orellano, Verônica Inês Fernandez & Toldo Pazello, Elaine & Mattos, Enlinson Henrique Carvalho de, 2010. "A substituição de trabalhadores como instrumento para redução de gastos com salários: evidências para a indústria paulista," Textos para discussão 267, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil).

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