The functioning of the labor market can be represented by worker flows, and the fluctuation of these flows determines the fluctuation of unemployment. The literature measures the importance of a flow such as the proportion of the variance of long-term or stationary unemployment that is explained...

This paper analyzes the Brazilian case, the transient conditions of employment levels and income distribution in the country, using micro data from the Monthly Employment Survey (PME) produced by the Brazilian Institute of Geography and Statistics (IBGE) to assess the effects of macroeconomic...

This exercise contributes to the literature that relates macroeconomic cycle with the labor market, estimating an Favar model to Brazil with four variables - degree of utilization, inflation rate, Selic rate and real exchange rate - and a latent variable that summarizes the state of the labor...

We implement decompositions of cyclical unemployment in a large developing country using the conventional 3-states and a 4-states representation of the labor market, where in the latter we subdivide the employment state into formal and informal forms of employment. This allows a richer analysis...

This paper aims at discussing the implications of informality in Brazil by presenting new evidence on value added, occupations, and in labor productivity in the formal and informal sectors, disaggregated by economic activity. Moreover, we developed counterfactual exercises for these variables in...

This study seeks to quantify the stock of human capital in the Brazilian economy from 1970 to 2010. We chose to use the IBGE Demographic Census microdata, because, contrary to what is done in other studies - which use fi xed rates of return for all periods and/or regions of the country - this...