Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Nova Economia (Online) |
Texto Completo: | https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/8034 |
Resumo: | This article analyzes the short-term economic effects of a 3.02% minimum wage adjustment based on a Social Accounting Matrix (SAM) for Brazil. The simulation exercises consider effects of income redistribution between different strata resulting from minimum wage increases by estimating the income multiplier effect, which uses different propensities to consume for each stratum. The simulated valorization is equivalent to the sum of the GDP variations in 2018 and 2019, representing a real gain in the purchasing power of the minimum wage if the adjustment in 2020 and 2021 considered the rule in force between 2011 and 2019. The results indicate possible combinations of minimum wage adjustment and fiscal policy that generate a positive net effect on economic activity (e.g., solutions mainly affecting the top of the income distribution). |
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Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the outputCrescimento econômico combinado com maior poder de compra: os efeitos de uma política de valorização do salário mínimo sobre o produtoThis article analyzes the short-term economic effects of a 3.02% minimum wage adjustment based on a Social Accounting Matrix (SAM) for Brazil. The simulation exercises consider effects of income redistribution between different strata resulting from minimum wage increases by estimating the income multiplier effect, which uses different propensities to consume for each stratum. The simulated valorization is equivalent to the sum of the GDP variations in 2018 and 2019, representing a real gain in the purchasing power of the minimum wage if the adjustment in 2020 and 2021 considered the rule in force between 2011 and 2019. The results indicate possible combinations of minimum wage adjustment and fiscal policy that generate a positive net effect on economic activity (e.g., solutions mainly affecting the top of the income distribution).Este artigo analisa os efeitos econômicos de curto prazo de um reajuste do salário mínimo de 3,02% a partir de uma Matriz de Contabilidade Social (MCS) para o Brasil. Os exercícios de simulação consideram efeitos de redistribuição de renda entre diferentes estratos resultantes de elevações de salário mínimo por meio da estimação do efeito multiplicador de renda, que utiliza diferentes propensões a consumir para cada estrato. A valorização simulada é equivalente à soma das variações do PIB em 2018 e 2019, representando o ganho real do poder de compra do salário mínimo caso o reajuste em 2020 e 2021 considerasse a regra vigente entre 2011 e 2019. Os resultados apontam combinações possíveis de reajuste de salário mínimo e política fiscal que geram efeito líquido positivo sobre a atividade econômica (e.g., soluções que afetem majoritariamente o topo da distribuição de renda).Departamento de Ciências Econômicas da UFMG2023-12-26info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/8034Nova Economia; Vol. 33 No. 3 (2023): Revista Nova Economia; 0601-0630Nova Economia; v. 33 n. 3 (2023): Revista Nova Economia; 0601-06301980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGporhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/8034/4066Copyright (c) 2023 Marina da Silva Sanches, Gustavo Pereira Serra, Rikelme Duarte Gomes, Matias Rebello Cardomingohttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessSanches, Marina da SilvaSerra, Gustavo PereiraGomes, Rikelme DuarteCardomingo, Matias Rebello2023-12-27T01:45:56Zoai:ojs.pkp.sfu.ca:article/8034Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2023-12-27T01:45:56Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false |
dc.title.none.fl_str_mv |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output Crescimento econômico combinado com maior poder de compra: os efeitos de uma política de valorização do salário mínimo sobre o produto |
title |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output |
spellingShingle |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output Sanches, Marina da Silva |
title_short |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output |
title_full |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output |
title_fullStr |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output |
title_full_unstemmed |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output |
title_sort |
Economic growth combined with increased purchasing power: The effects of a policy of increasing the minimum wage on the output |
author |
Sanches, Marina da Silva |
author_facet |
Sanches, Marina da Silva Serra, Gustavo Pereira Gomes, Rikelme Duarte Cardomingo, Matias Rebello |
author_role |
author |
author2 |
Serra, Gustavo Pereira Gomes, Rikelme Duarte Cardomingo, Matias Rebello |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Sanches, Marina da Silva Serra, Gustavo Pereira Gomes, Rikelme Duarte Cardomingo, Matias Rebello |
description |
This article analyzes the short-term economic effects of a 3.02% minimum wage adjustment based on a Social Accounting Matrix (SAM) for Brazil. The simulation exercises consider effects of income redistribution between different strata resulting from minimum wage increases by estimating the income multiplier effect, which uses different propensities to consume for each stratum. The simulated valorization is equivalent to the sum of the GDP variations in 2018 and 2019, representing a real gain in the purchasing power of the minimum wage if the adjustment in 2020 and 2021 considered the rule in force between 2011 and 2019. The results indicate possible combinations of minimum wage adjustment and fiscal policy that generate a positive net effect on economic activity (e.g., solutions mainly affecting the top of the income distribution). |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-12-26 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/8034 |
url |
https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/8034 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/8034/4066 |
dc.rights.driver.fl_str_mv |
http://creativecommons.org/licenses/by/4.0 info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
http://creativecommons.org/licenses/by/4.0 |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Departamento de Ciências Econômicas da UFMG |
publisher.none.fl_str_mv |
Departamento de Ciências Econômicas da UFMG |
dc.source.none.fl_str_mv |
Nova Economia; Vol. 33 No. 3 (2023): Revista Nova Economia; 0601-0630 Nova Economia; v. 33 n. 3 (2023): Revista Nova Economia; 0601-0630 1980-5381 0103-6351 reponame:Nova Economia (Online) instname:Universidade Federal de Minas Gerais (UFMG) instacron:UFMG |
instname_str |
Universidade Federal de Minas Gerais (UFMG) |
instacron_str |
UFMG |
institution |
UFMG |
reponame_str |
Nova Economia (Online) |
collection |
Nova Economia (Online) |
repository.name.fl_str_mv |
Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG) |
repository.mail.fl_str_mv |
||ne@face.ufmg.br |
_version_ |
1799711060606844928 |