Trade Liberalization, Employment Flows, and Wage Inequality in Brazil [electronic resource] / Ferreira, Francisco H. G.
Material type: TextPublication details: Washington, D.C., The World Bank, 2007Description: 1 online resource (56 p.)Subject(s): Agriculture | Debt Markets | Development | Distribution | Economic Theory and Research | Economy | Emerging Markets | Exchange | Finance and Financial Sector Development | Financial Literacy | Free Trade | Goods | Growth Rate | Income | Industry | Inequality Measures | International Economics & Trade | Labor Markets | Labor Policies | Law and Development | Macroeconomics and Economic Growth | Per Capita Incomes | Prices | Private Sector Development | Public Sector Development | Social Protections and Labor | Theory | Total Factor Productivity | Total Factor Productivity Growth | Trade | Trade Law | Trade Liberalization | Trade Policy | Trade Reforms | Trends | Value | Wages | Water and Industry | Water ResourcesAdditional physical formats: Ferreira, Francisco H. G.: Trade Liberalization, Employment Flows, and Wage Inequality in Brazil.Online resources: Click here to access online Abstract: Using nationally representative, economywide data, this paper investigates the relative importance of trade-mandated effects on industry wage premia; industry and economywide skill premia; and employment flows in accounting for changes in the wage distribution in Brazil during the 1988-95 trade liberalization. Unlike in other Latin American countries, trade liberalization appears to have made a significant contribution toward a reduction in wage inequality. These effects have not occurred through changes in industry-specific (wage or skill) premia. Instead, they appear to have been channeled through substantial employment flows across sectors and formality categories. Changes in the economywide skill premium are also important.Using nationally representative, economywide data, this paper investigates the relative importance of trade-mandated effects on industry wage premia; industry and economywide skill premia; and employment flows in accounting for changes in the wage distribution in Brazil during the 1988-95 trade liberalization. Unlike in other Latin American countries, trade liberalization appears to have made a significant contribution toward a reduction in wage inequality. These effects have not occurred through changes in industry-specific (wage or skill) premia. Instead, they appear to have been channeled through substantial employment flows across sectors and formality categories. Changes in the economywide skill premium are also important.
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