The impact of the minimum wage on unemployment in the Brazilian labor market
Minimum Wage, Unemployment.
Introducing a law establishing a minimum wage for workers aims to provide a better quality of life for those who receive it, particularly for the poorest individuals. However, implementing a minimum wage may increase the probability of workers who receive it becoming unemployed. By exploring this trade-off between higher minimum wages and a greater likelihood of job loss, I intend to measure the impact of minimum wage increases on unemployment in Brazil using panel data from the Monthly Employment Survey (PME) and the empirical strategy of differences in differences.