Trade-off inflação-desemprego e bem-estar subjetivo no Brasil

Abstract

This paper analyzes, first, the correlation between the self declared level of satisfaction Brazilian individuals and two macroeconomic variables (inflation and unemployment). Later, we seek to analyze how these controlled macroeconomic variables by of the country impactthesatisfactionofindividualslivinginthereferencearea. Whereastheselfdeclared satisfaction is a good welfare proxy, the coefficients estimates can be used to obtain an estimateofhealthcostsinflationtounemployment. Toachievetheobjectiveofthisworkis used logit models Ordained and is estimated by maximum likelihood using the satisfaction declared as an approximation of individual well-being. Additionally, there is included of a vector of variables controlling the individual characteristics, such as condition employment, gender,age,educationandmaritalstatus,whichweretakenfromresearchLatinobarómetro public opinion. Macroeconomic variables are provided by Brazilian Institute of Geography and Statistics (IBGE). The main results show that: (a) inflation and unemployment negatively impact the welfare level, (b) keeping constant the utility of individuals comes a trade-off inflation-unemployment 5.33, (c) there is differentiation impact of inflation rate and variable rate unemployment in the aggregate level of satisfaction by controlling region that the individual lives, and (d) inflation variables and unemployment by region not impact the level of satisfaction of individuals who self declare themselves "very satisfied" with your life.