The NAIRU and informality in the mexican labor market
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| Format: | Artículo científico |
| Sprache: | en |
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El Colegio de México, A.C.
2021
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| author | Ana María Aguilar-Argaez |
| author_facet | Ana María Aguilar-Argaez |
| contents | The NAIRU and informality in the mexican labor market Ana María Aguilar-Argaez Carlo Alcaraz Claudia Ramírez Cid Alonso Rodríguez-Pérez Economía y Finanzas E26 E32 E52 NAIRU informality The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal workers imposes an additional challenge in its estimation. In this paper, we present an estimation of the traditional NAIRU for Mexico and an alternative measure that includes informality as an indicator of labor underutilization. We find that both measures of NAIRU and the associated labor market slack indicators follow similar patterns over time. However, the slack estimated with the indicator that includes informality seems to predict inflationary pressures more accurately when the unemployment gap is close to zero. 2021 artículo científico 0188-6916 https://www.redalyc.org/articulo.oa?id=59768426008 https://www.redalyc.org/journal/597/59768426008/ https://www.redalyc.org/journal/597/59768426008/html/ https://www.redalyc.org/journal/597/59768426008/59768426008.epub https://www.redalyc.org/journal/597/59768426008/movil 10.24201/ee.v36i1.417 en http://www.redalyc.org/revista.oa?id=597 Estudios Económicos application/pdf El Colegio de México, A.C. Estudios Económicos (México) Num.1 Vol.36 |
| format | Artículo científico |
| id | redalyc_59768426008 |
| institution | Redalyc |
| language | en |
| publishDate | 2021 |
| publisher | El Colegio de México, A.C. |
| spellingShingle | The NAIRU and informality in the mexican labor market Ana María Aguilar-Argaez Economía y Finanzas E26 E32 E52 NAIRU informality The NAIRU and informality in the mexican labor market Ana María Aguilar-Argaez Carlo Alcaraz Claudia Ramírez Cid Alonso Rodríguez-Pérez Economía y Finanzas E26 E32 E52 NAIRU informality The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal workers imposes an additional challenge in its estimation. In this paper, we present an estimation of the traditional NAIRU for Mexico and an alternative measure that includes informality as an indicator of labor underutilization. We find that both measures of NAIRU and the associated labor market slack indicators follow similar patterns over time. However, the slack estimated with the indicator that includes informality seems to predict inflationary pressures more accurately when the unemployment gap is close to zero. 2021 artículo científico 0188-6916 https://www.redalyc.org/articulo.oa?id=59768426008 https://www.redalyc.org/journal/597/59768426008/ https://www.redalyc.org/journal/597/59768426008/html/ https://www.redalyc.org/journal/597/59768426008/59768426008.epub https://www.redalyc.org/journal/597/59768426008/movil 10.24201/ee.v36i1.417 en http://www.redalyc.org/revista.oa?id=597 Estudios Económicos application/pdf El Colegio de México, A.C. Estudios Económicos (México) Num.1 Vol.36 |
| title | The NAIRU and informality in the mexican labor market |
| topic | Economía y Finanzas E26 E32 E52 NAIRU informality |
| url | https://www.redalyc.org/articulo.oa?id=59768426008 https://www.redalyc.org/journal/597/59768426008/ https://www.redalyc.org/journal/597/59768426008/html/ https://www.redalyc.org/journal/597/59768426008/59768426008.epub https://www.redalyc.org/journal/597/59768426008/movil |