This paper explores the real exchange rate behavior in Mexico from 1960Mexico from until 2005 Since the empirical analysis reveals that the real exchange rate is not mean reverting, we propose that economic fundamental variables affect its evolution in the long run. Therefore, based on equilibrium exchange rate paradigms, we propose a simple model of real exchange rate determination, which includes the relative GDP per capita, the real interest rates, and the net foreign assets over a long period of time. Our analysis also considers the dynamic adjustment in response to shocks through impulse response functions derived from the multivariate vector autoregressive (VAR) model.

This article adopts a task‐based approach to analyse employment patterns in terms of skill distribution and occupations in the urban labour markets of Brazil, Colombia and Mexico during 2002–15. The results suggest that employment fell strongly for some medium‐skilled occupations, and increased slightly for both low‐skilled and high‐skilled occupations. Decomposition results suggest that the decreasing share of employment of secretaries and stenographers is fully explained by changes within industries (routinization hypothesis), whereas the decrease in machinery operation and handicraft jobs is mainly explained by changes between industries. By socio‐demographic group, technological changes negatively affected women but benefited younger workers and those with higher educational attainment.

The main aim of this article is to analyse the change of adult skills, as captured by cognitive skills assessed in PIAAC, across age cohorts, taking into account that the quality of schooling may change from one cohort to another. We estimate a model that relates numeracy and literacy skills to age, schooling, gender and variables related to both family background and labour market performance. The specification allows us to control for changes in the efficiency of the transformation of schooling into skills when drawing age-skill profiles. Our results show that the effect of ageing on skills, once isolated from cohort effects related to schooling, decreases monotonically across consecutive cohorts. The change of the efficiency of the transformation of schooling into both numeracy and literacy skills shows a remarkably similar pattern. Nonetheless, this change differs substantially between education levels, with the efficiency of the transformation of schooling into skills showing a steadier profile for intermediate than for higher education. Finally, empirical evidence is provided for the decomposition of the differences in the skill levels of the older vs. the prime age generations. The results suggest that the progressive expansion of schooling across younger generations partially offsets the negative effect of the irrepressible ageing of society on skills. | 73 CALERO Et AL.

RésuméL'analyse, axée sur les tâches, de la structure de l'emploi urbain du Brésil, de la Colombie et du Mexique montre que celui‐ci a nettement diminué entre 2002 et 2015 dans des professions semi‐qualifiées et augmenté dans les professions faiblement et fortement qualifiées. La décomposition des résultats suggère que le déclin de l'emploi des secrétaires et des sténographes s'explique entièrement par les changements intrabranche (hypothèse de «routinisation»), tandis que dans la conduite des machines et l'artisanat l'explication tient aux changements interbranches. Sous l'angle sociodémographique, le changement technologique affecte négativement les femmes, mais il profite aux travailleurs plus jeunes et plus instruits.

La responsabilidad de las opiniones expresadas en los artículos solo incumbe a sus autores, y su publicación en la Revista Internacional del Trabajo no significa que la OIT las suscriba.