Repercussões setoriais da política fiscal sobre os salários reais no mercado de trabalho cearense

Abstract

This paper analyses the sectorial impacts of fiscal policy in the labor market of the state of Ceará, specifically on real wages. For this, we use quarterly data between 2008 and 2017 for eight sectors and the impulse response functions extracted from VAR models (VAR). The evidence points to wage increases in response to an enlargement public deficit in six sectors, a result sustained by New Keynesian models. Only the services sector and the public administration presented a negative response. The first presents dynamics in the lines of models of real business cycles, while the results of the latter can be explained by institutional factors.