This paper estimates worker, firm and assistance programs’ responses to foreign shocks in Brazil exploiting quasi-experimental variation in firms’ foreign demand resulting from the Global Financial Crisis. It shows these transitory shocks have permanent effects in a setting characterized by a large informal sector. While the informal sector provides a buffer mitigating long-term scarring, it is not sufficient to compensate worker and firm scarring...
See More
DETAILS
-
2023/05/18
-
Policy Research Working Paper
-
WPS10448
-
1
-
2023/05/18
-
Disclosed
-
Adjusting to Transitory Shocks : Worker Impact, Firm Channels, and (Lack of) Income Support
DOWNLOADS
COMPLETE REPORT
Official version of document (may contain signatures, etc)
*The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.
Citation
Fernandes,Ana Margarida; Silva,Joana C. G..
Adjusting to Transitory Shocks : Worker Impact, Firm Channels, and (Lack of) Income Support (English). Policy Research working paper ; no. WPS 10448 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099411405182317297