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Efeitos da crise financeira de 2008 sobre o desemprego nas regiões metropolitanas brasileiras [Effects of the 2008 financial crisis on unemployment in Brazilian metropolitan regions]

Author

Listed:
  • Fábio José Ferreira da Silva

    (Banco Central do Brasil)

  • Fernando de Aquino Fonseca Neto

    (Banco Central do Brasil)

Abstract

The article analyzes the subprime crisis repercussions on unemployment in Brazilian metropolitan areas. We found that the effects were not as mild as one could suppose from the apparent modest increase in unemployment figures. Using the PME/IBGE data starting in March 2002, our results suggest that the contraction in labor demand has never been so intense, but the deceleration in labor supply, especially from women, contained the increase in unemployment. Among the sectors, job losses were concentrated in industry.

Suggested Citation

  • Fábio José Ferreira da Silva & Fernando de Aquino Fonseca Neto, 2014. "Efeitos da crise financeira de 2008 sobre o desemprego nas regiões metropolitanas brasileiras [Effects of the 2008 financial crisis on unemployment in Brazilian metropolitan regions]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 24(2), pages 265-278, May-Augus.
    • Handle: RePEc:nov:artigo:v:24:y:2014:i:2:p:265-278
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    More about this item

    Keywords

    subprime crisis; unemployment; Brazil;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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