The Brazilian distributive conflict in the early 21st century and the role of the foreign sector
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad Nacional Autónoma de México
2023
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| _version_ | 1876461331625803776 |
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| author | João P.C. Santoro |
| author_facet | João P.C. Santoro |
| contents | The Brazilian distributive conflict in the early 21st century and the role of the foreign sector João P.C. Santoro Lilian N. Rolim Economía y Finanzas Brazil inflation wage share foreign sector Income distribution The first two decades of the 21stcentury in Brazil were characterized by an increase in the wage share, which was largely associated with the higher workers’ bargaining power that resulted from institutional changes and lower unemployment. We show that the foreign sector also played a key role in this process and explore how its effects on the domestic income distribution changed over the years. We highlight the importance of the industry and, in particular, the manufacturing sector to the higher wage share. At the beginning of the period the depreciated domestic currency did not compromise the profit share due to the low bargaining power of workers, while during the years of appreciated domestic currency the distributive conflict was attenuated. Yet, the currency depreciation after 2011 occurred in an economic structure more dependent on imports and with high workers’ bargaining power, thus pressuring downwards profit margins. Jel Classification:E12, E25, E31, F41. 2023 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60179526006 https://www.redalyc.org/journal/601/60179526006/ https://www.redalyc.org/journal/601/60179526006/html/ https://www.redalyc.org/journal/601/60179526006/60179526006.epub https://www.redalyc.org/journal/601/60179526006/movil 10.22201/fe.01851667p.2023.325.83831 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.325 Vol.82 |
| format | Artículo científico |
| id | redalyc_60179526006 |
| institution | Redalyc |
| language | en |
| publishDate | 2023 |
| publisher | Universidad Nacional Autónoma de México |
| spellingShingle | The Brazilian distributive conflict in the early 21st century and the role of the foreign sector João P.C. Santoro Economía y Finanzas Brazil inflation wage share foreign sector Income distribution The Brazilian distributive conflict in the early 21st century and the role of the foreign sector João P.C. Santoro Lilian N. Rolim Economía y Finanzas Brazil inflation wage share foreign sector Income distribution The first two decades of the 21stcentury in Brazil were characterized by an increase in the wage share, which was largely associated with the higher workers’ bargaining power that resulted from institutional changes and lower unemployment. We show that the foreign sector also played a key role in this process and explore how its effects on the domestic income distribution changed over the years. We highlight the importance of the industry and, in particular, the manufacturing sector to the higher wage share. At the beginning of the period the depreciated domestic currency did not compromise the profit share due to the low bargaining power of workers, while during the years of appreciated domestic currency the distributive conflict was attenuated. Yet, the currency depreciation after 2011 occurred in an economic structure more dependent on imports and with high workers’ bargaining power, thus pressuring downwards profit margins. Jel Classification:E12, E25, E31, F41. 2023 artículo científico 0185-1667 https://www.redalyc.org/articulo.oa?id=60179526006 https://www.redalyc.org/journal/601/60179526006/ https://www.redalyc.org/journal/601/60179526006/html/ https://www.redalyc.org/journal/601/60179526006/60179526006.epub https://www.redalyc.org/journal/601/60179526006/movil 10.22201/fe.01851667p.2023.325.83831 en http://www.redalyc.org/revista.oa?id=601 Investigación Económica application/pdf Universidad Nacional Autónoma de México Investigación Económica (México) Num.325 Vol.82 |
| title | The Brazilian distributive conflict in the early 21st century and the role of the foreign sector |
| topic | Economía y Finanzas Brazil inflation wage share foreign sector Income distribution |
| url | https://www.redalyc.org/articulo.oa?id=60179526006 https://www.redalyc.org/journal/601/60179526006/ https://www.redalyc.org/journal/601/60179526006/html/ https://www.redalyc.org/journal/601/60179526006/60179526006.epub https://www.redalyc.org/journal/601/60179526006/movil |