Submitted by Caroline Xavier (caroline.xavier@pucrs.br) on 2017-10-24T11:35:35Z No. of bitstreams: 1 DIS_CARLOS_DAVID_GODWARD_COMPLETO.pdf: 1317478 bytes, checksum: b5114678f308871a52be8844a408fe66 (MD5) / Approved for entry into archive by Caroline Xavier (caroline.xavier@pucrs.br) on 2017-10-24T11:35:49Z (GMT) No. of bitstreams: 1 DIS_CARLOS_DAVID_GODWARD_COMPLETO.pdf: 1317478 bytes, checksum: b5114678f308871a52be8844a408fe66 (MD5) / Made available in DSpace on 2017-10-24T11:36:01Z (GMT). No. of bitstreams: 1 DIS_CARLOS_DAVID_GODWARD_COMPLETO.pdf: 1317478 bytes, checksum: b5114678f308871a52be8844a408fe66 (MD5) Previous issue date: 2017-08-11 / Conditional Income Transfer Programs, Bolsa Fam?lia Program in Brazil, became an innovative instrument for reducing social inequality in many countries, specifically, in Latin America, where they were widely adopted. These programs have proven effective in several aspects such as reducing poverty and inequality, improving schooling rates, etc. An aspect that has remained unmentioned of these programs was their potential to encourage targeted workers of the program to migrate to the informal labour market in order to remain "invisible" to program managers and, thus, receive the benefits even when they do not qualify according to program standards. This study applies VECM (Vector Error Corrector Model) to show this issue may be occurring in the six Brazilian state capitals, included in the IBGE Monthly Employment Survey, from the creation of the program, in 2004, until March 2016. / Os Programas de Transfer?ncia de Renda Condicionada, Programa Bolsa Fam?lia no Brasil, foram uma forma inovadora de reduzir a desigualdade social em muitos pa?ses, principalmente da Am?rica Latina. Estes programas se mostraram eficientes em v?rios aspectos, como reduzir a pobreza, a desigualdade, melhorar ?ndices de escolaridade, etc. Mas, um aspecto pouco mencionado destes programas, ? o potencial de incentivar os trabalhadores - alvo do programa - a migrar para o mercado laboral informal, com o objetivo de ficarem ?invis?veis? aos gestores do programa e, assim, receberem os benef?cios, ainda que n?o se qualifiquem a eles, pelos n?veis de renda definidos pelo programa. Este trabalho utiliza o VECM (modelo Vector Corretor de Erros) para mostrar que este fato pode estar ocorrendo nas seis capitais do Brasil, que conformaram a Pesquisa Mensal de Emprego do IBGE, desde a cria??o do programa at? mar?o de 2016.