Determinantes dos salários reais na indústria de transformação da Bahia no período de 2001 - 2008: teoria e evidências

Abstract

The scope of this study is to analyze the determination of real wages in manufacturing of Bahia from 2001 to 2008, where relations are established between real wages, unemployment, interest rate and labor productivity. To support the macroeconomic level the determination of real wages, were the models revisited: wages and unemployment, wages and labor productivity, efficiency wages, wages and real interest rates. These models were tested using a standard Vector Auto-Regressive (VAR) with bug fixes. In the short term, the estimated model presents controversial relationship with regard to theoretical models of real wage determination used in this work in relation to labor productivity, unemployment and real interest rates. However, the results indicate that in the long term, the estimated model has theoretical plausibility, except for the determination of wages depending on labor productivity.