Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/302786 
Year of Publication: 
2024
Citation: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 441.v2 [Year:] 2024
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
In the first decade of the 21st century, the Brazilian economy experienced an important expansion followed by a significant decline in inequality. The minimum wage increased rapidly, reducing inequality with no negative effects on employment or formality. This resulted from economic growth and greater supply of skilled labor. However, from 2014-2021, real wages were stagnant, and unemployment rates surged. Inequality rose again, although only marginally. Some positive signs emerged in 2022, although it is still too early to know whether they mark a return to past trends or a recovery from the pandemic.
Subjects: 
labor income
inequality
Brazil
JEL: 
J60
J70
J71
J82
Persistent Identifier of the first edition: 
Document Type: 
Article

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