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This paper builds a general equilibrium framework with firm and worker heterogeneity, monopsony power, and task-based production to quantify the long-run effects of education, biased demand shocks, and minimum wage. I take it to Brazilian data for 1998 and 2012 and find that (i) supply and...
Persistent link: https://www.econbiz.de/10014322706
banks can help mitigate financial shocks. This paper examines the role of Brazil's government banks in preventing a … recession during the 2008-2010 financial crisis. Government banks in Brazil provided more credit, which offset declines in … lending by private banks. Areas in Brazil with a high share of government banks experienced increases in lending, production …
Persistent link: https://www.econbiz.de/10013055701
setting, controlling for other characteristics. Using data from Brazil’s monthly PME employment surveys between 2002 and 2016 …
Persistent link: https://www.econbiz.de/10011991880
This paper studies gross worker flows to explain the rising informality in Brazilian metropolitan labor markets from 1983-2002. This period covers two economic cycles, several stabilization plans, a far-reaching trade liberalization, and changes in labor legislation through the Constitutional...
Persistent link: https://www.econbiz.de/10013316865
data from Brazil's Monthly Employment Survey over the 1982-1997 period. We use information on 541,194 individuals, for …
Persistent link: https://www.econbiz.de/10014131417
The creation of new businesses declines in recessions. In this paper, I study the effects of pro-cyclical business formation on aggregate employment in a general equilibrium model of firm dynamics. The key features of the model are that the elasticity of demand faced by firms falls with their...
Persistent link: https://www.econbiz.de/10013309613
This article reviews the effects of the Great Recession on youth labour markets. We argue that young people aged 16-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment using microdata. We argue that there is convincing...
Persistent link: https://www.econbiz.de/10009259467
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...
Persistent link: https://www.econbiz.de/10009312950
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...
Persistent link: https://www.econbiz.de/10008757525
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...
Persistent link: https://www.econbiz.de/10013135650