(MIS)Allocation Effects of an Overpaid Public Sector

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dc.contributor.authorCavalcanti, Tiago Vanderlei de Vasconcelos
dc.contributor.authorMARCELO RODRIGUES DOS SANTOS
dc.coverage.paisNão Informadopt_BR
dc.creatorCavalcanti, Tiago Vanderlei de Vasconcelos
dc.date.accessioned2022-11-01T18:25:58Z
dc.date.available2022-11-01T18:25:58Z
dc.date.issued2021
dc.description.otherIn an economy in which the public sector is productive and factor inputs are rewarded according to their marginal productivity in both the public and the private sectors, the presence of a large government does not generate necessarily any allocation problem. When the provision of public infrastructure is below its optimal scale, then an increase in the size of the government can lead to an increase in total factor productivity (TFP). There is, however, a large body of evidence showing that for many countries the structure of wages and pensions and the labor law legislation are different for public and private employees. Such differences affect the occupational decision of agents and might generate some type of misallocation in the economy. We develop an equilibrium model with endogenous occupational choice, heterogeneous agents and imperfect enforcement to study the implications of an overpaid public sector. The model is estimated to be consistent with micro and macro evidence for Brazil and our counterfactual exercises show that public-private earnings premium can generate important allocation effects and sizeable productivity losses.pt_BR
dc.format.extentp. 953–999pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doihttps://doi.org/10.1093/jeea/jvaa038pt_BR
dc.identifier.issn1542-4774pt_BR
dc.identifier.issn1542-4766pt_BR
dc.identifier.issue2pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4605
dc.identifier.volume19pt_BR
dc.language.isoInglêspt_BR
dc.publisherOxford Academicpt_BR
dc.relation.ispartofJournal of the European Economic Associationpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsPublic-Private earnings premiumpt_BR
dc.subject.keywordsmisallocationpt_BR
dc.subject.keywordsdevelopmentpt_BR
dc.title(MIS)Allocation Effects of an Overpaid Public Sectorpt_BR
dc.typejournal article
dspace.entity.typePublication
local.identifier.sourceUrihttps://academic.oup.com/jeea/article-abstract/19/2/953/5896455?redirectedFrom=fulltext
local.subject.cnpqCiências Exatas e da Terrapt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublicationf5092fc6-447e-42ae-b50c-f7a691a5c9a5
relation.isAuthorOfPublication.latestForDiscoveryf5092fc6-447e-42ae-b50c-f7a691a5c9a5
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