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Hysteresis Of Unemployment In Brazil: Structural Breaks And Persistence In The Years From 2012 To 2020

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  • Fabiano Roberto Santos de Lima

    (Universidade Estácio de Sá (Unesa))

Abstract

This article aims to verify if there is evidence of hysteresis in the Brazilian labor market in the period from 2012 to 2020 with monthly data for unemployment. The econometric approach used is the conventional unit root tests, the Bai and Perron test (2003) to identify multiple structural breaks and, in addition, the degree of unemployment persistence is verified with the application of the Campbell and Mankiw model (1987). The results indicate the existence of weak hysteresis in the labor market. There are indications that the trajectory of unemployment in Brazil suffered two structural breaks that altered its trajectory, one in December 2014 and the other in March 2016.

Suggested Citation

  • Fabiano Roberto Santos de Lima, 2021. "Hysteresis Of Unemployment In Brazil: Structural Breaks And Persistence In The Years From 2012 To 2020," Revista de Economia Mackenzie (REM), Mackenzie Presbyterian University, Social and Applied Sciences Center, vol. 18(spe), pages 89-106, special i.
    • Handle: RePEc:aft:journl:v:18:spe:2021:specialissue:p:89-106
    DOI: 10.5935/1808-2785/rem.v18nespp.89-106
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    More about this item

    Keywords

    Hysteresis; persistence of unemployment; structural break; stationarity; job market.;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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