Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment

Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment

In November 2019, the Brazilian government introduced, as part of an employment stimulus package, the Contrato Verde Amarelo (CVA), a wage subsidy program for young first-time employees entering in contracts of up to 1.5 minimum wages. Despite CVA...

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Bibliographic Details
Main Authors: Morgandi, Matteo, Fietz, Katharina, Ed, Malin
Format: Report
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
WAGE SUBSIDY
LABOR POLICY
SOCIAL PROTECTION
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
LABOR MARKET
YOUTH UNEMPLOYMENT
ACTIVE LABOR MARKET PROGRAM
Online Access:http://documents.worldbank.org/curated/en/332761593573300088/Brazil-The-Contrato-Verde-Amarelo-Wage-Subsidy-An-Initial-Assessment
http://hdl.handle.net/10986/34111
id okr-10986-34111
recordtype oai_dc
spelling okr-10986-341112021-05-25T10:54:37Z Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment Morgandi, Matteo Fietz, Katharina Ed, Malin WAGE SUBSIDY LABOR POLICY SOCIAL PROTECTION CORONAVIRUS COVID-19 PANDEMIC RESPONSE LABOR MARKET YOUTH UNEMPLOYMENT ACTIVE LABOR MARKET PROGRAM In November 2019, the Brazilian government introduced, as part of an employment stimulus package, the Contrato Verde Amarelo (CVA), a wage subsidy program for young first-time employees entering in contracts of up to 1.5 minimum wages. Despite CVA did not pass the final senate vote and, consequently, lost its validity, the relevance of this measure remains in light of Brazil’s high labor costs and unemployment, and the dramatic impact that COVID-19 epidemic will leave in its labor market. This note analyzes the design, relevance and potential impacts of the CVA, as it was introduced in 2019, and recommendations for improvements based on international experience. In particular, as government will consider a revised version to speed up recovery of the labor market following COVID-19 epidemic, these recommendations will be useful in the drafting of an improved proposal. 2020-07-15T15:45:55Z 2020-07-15T15:45:55Z 2020-05 Report http://documents.worldbank.org/curated/en/332761593573300088/Brazil-The-Contrato-Verde-Amarelo-Wage-Subsidy-An-Initial-Assessment http://hdl.handle.net/10986/34111 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note Latin America & Caribbean Brazil
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic WAGE SUBSIDY
LABOR POLICY
SOCIAL PROTECTION
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
LABOR MARKET
YOUTH UNEMPLOYMENT
ACTIVE LABOR MARKET PROGRAM
spellingShingle WAGE SUBSIDY
LABOR POLICY
SOCIAL PROTECTION
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
LABOR MARKET
YOUTH UNEMPLOYMENT
ACTIVE LABOR MARKET PROGRAM
Morgandi, Matteo
Fietz, Katharina
Ed, Malin
Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
geographic_facet Latin America & Caribbean
Brazil
description In November 2019, the Brazilian government introduced, as part of an employment stimulus package, the Contrato Verde Amarelo (CVA), a wage subsidy program for young first-time employees entering in contracts of up to 1.5 minimum wages. Despite CVA did not pass the final senate vote and, consequently, lost its validity, the relevance of this measure remains in light of Brazil’s high labor costs and unemployment, and the dramatic impact that COVID-19 epidemic will leave in its labor market. This note analyzes the design, relevance and potential impacts of the CVA, as it was introduced in 2019, and recommendations for improvements based on international experience. In particular, as government will consider a revised version to speed up recovery of the labor market following COVID-19 epidemic, these recommendations will be useful in the drafting of an improved proposal.
format Report
author Morgandi, Matteo
Fietz, Katharina
Ed, Malin
author_facet Morgandi, Matteo
Fietz, Katharina
Ed, Malin
author_sort Morgandi, Matteo
title Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
title_short Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
title_full Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
title_fullStr Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
title_full_unstemmed Brazil - The Contrato Verde Amarelo Wage Subsidy : An Initial Assessment
title_sort brazil - the contrato verde amarelo wage subsidy : an initial assessment
publisher World Bank, Washington, DC
publishDate 2020
url http://documents.worldbank.org/curated/en/332761593573300088/Brazil-The-Contrato-Verde-Amarelo-Wage-Subsidy-An-Initial-Assessment
http://hdl.handle.net/10986/34111
_version_ 1764480345418235904

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