This paper develops a micro-econometric method to account for differences across distributions of household income. Going beyond the determination of earnings in labor markets, we also estimate statistical models for occupational choice and for the conditional distributions of education,...

The reduction of standard weekly working time from the current level of 44 hours to 40 hours has recently been proposed by the main central unions as a way to create jobs and reduce unemployment in Brazil. The idea, known as work-sharing, is that the reduction in average hours per worker would...

We examine the relationship between international reserves variation and the exchange rate and interest rate movements for the past years of the Brazilian economy. The empirical evidence obtained for the international reserves variation captures the distinction between the two exchange rate...

This paper explores two changes in traditional models that measure the exchange rate pass-through in Brazil. The first change is a non-linear specification to the pass-through coefficient, making it depend on other variables that reflect economic conditions. The second change is to consider...

From 1988 to 1995, when trade liberalization was implemented in Brazil, relative earnings of skilled workers decreased. In this paper, we in-vestigate the role of trade liberalization in explaining these relative earn-ings movements, by checking all the steps predicted by the Heckscher-Ohlin-...

Despite the large size of the Brazilian debt market, as well the large diversity of its bonds, the picture that emerges is of a market that has not yet completed its transition from the role it performed during the megainflation years, namely that of providing a liquid asset that provided...

The hope that lower real interest rates and higher growth would follow the floatation of the currency was in large measure frustrated. Two international liquidity crises, caused by the reversal of capital flows, hit in 2001 and 2002. These crises were associated with higher interest rates, lower...