The Macroeconomics of Employment and Wages in Mexico

López, J. García

doi:10.1111/1467-9914.00118

Cited by 4 publications

(1 citation statement)

References 6 publications

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“…The sign and the magnitude of the effects of real wages (a measure of costs), on the other hand, depend on the specific subsector and sample (e.g. De Jesús, Carbajal, & Valverde, ; Fajnzylber & Maloney, ; Lechuga & Varela, ; López, ; Mejía, Reyes, & Rendón, ; Tavares & Varela, ).…”

Section: Introductionmentioning

confidence: 99%

Determinants of Manufacturing Employment in the Mexican States, 2004–2017

Reyes

Preciado

2020

Regional Science Policy & Practice

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The aim of this paper is to investigate the effects of production and real wages on employment in the manufacturing sector spanning the 32 Mexican states from 2004 to 2017.This analysis is carried out by estimating spatial Durbin panel data models, which can capture heterogeneous performance across states and over time, for the growth rates of total formal manufacturing employment and its two components, permanent and temporary employment. Our results suggest that although the negative direct effects of real wage growth are relevant to the explanation of temporary employment growth, the total effect of production growth can be considered the main determinant of total employment, including both temporary and permanent employment dynamics. The estimated coefficients, however, show a rather small effect. A major policy implication of this is that central and state governments should pursue policies that enhance production growth in order to increase employment in this sector.Reg Sci Policy Pract. 2020;12:303-318.wileyonlinelibrary.com/journal/rsp3 303 54.2% in 2000, respectively (Loría, 2009). 5 These authors incorporate other explanatory variables in their models like productivity, capital and exports, and consider the differences between specialized and non-specialized work. Regressions, time series techniques and panel data models have been used in these papers. We highlight the roles of production and real wages because we analyze their effects on employment, which is affected by the availability of data.

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Section: Introductionmentioning

confidence: 99%

Determinants of Manufacturing Employment in the Mexican States, 2004–2017

Reyes

Preciado

2020

Regional Science Policy & Practice

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Manufacturing real wages in Mexico

López

Gallardo

2006

Rev. Econ. Polit.

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In this paper we analyse the recent evolution and determinants of real wages in Mexico's manufacturing sector, using theories based on the assumption of imperfect competition both in the product and in the labour markets, especially wage-bargain theory, insider-outsider and mark-up models. We show evidence that the Mexican labour market does not behave as a traditional competitive market. The proposed explanation for this fact is that some workers benefit from advantages when compared with others, so that they can get a greater share of the proceedings of the productive process. Also, we find that changes in the degree of competition in the market for output influence the behaviour of real wages.

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Una reconsideración de las perspectivas económicas de México

2008

Econ. soc.

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Una reconsideración de las perspectivas económicas de México 1 Julio López G. 2 (1) Este trabajo se pudo realizar gracias al apoyo económico de DGAPA-PAPIIT, a través del Proyecto IN301606. Quiero agradecer por sus sugerencias a A. López, G. Bracho, A. Hofman y Tony Thirlwall por sus comentarios a una versión anterior de este artículo; así como a Fernando C. de Carvalho con quien desarrolle en otro trabajo algunas de las ideas expuestas aquí (López; Carvalho, 2008). Pero mi deuda mayor es con Ignacy Sachs, con quien he discutido a lo largo de muchos años los temas de este artículo. Traducción del inglés de Luis Reyes Ortiz.

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The Macroeconomics of Employment and Wages in Mexico

Cited by 4 publications

References 6 publications

Determinants of Manufacturing Employment in the Mexican States, 2004–2017

Determinants of Manufacturing Employment in the Mexican States, 2004–2017

Manufacturing real wages in Mexico

Una reconsideración de las perspectivas económicas de México

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