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  1. The NAIRU and informality in the Mexican labor market
    Autor*in: Aguilar-Argaez, Ana María; Alcaraz, Carlo; Ramírez, Claudia; Rodríguez-Pérez, Cid Alonso
    Erschienen: July 2020
    Verlag:  Banco de México, [Ciudad de México, México]

    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. Countries with large informal sectors, traditional measures might not... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 192
    Fernleihe:
    keine Fernleihe

     

    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. Countries with large informal sectors, traditional measures might not depict labor slack properly, as it has the wage flexibility needed to incorporate formal workers that cannot find a formal job. 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.

     
    Export in Literaturverwaltung   RIS-Format
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/240698
    Schriftenreihe: Working papers / Banco de México ; no 2020, 09
    Umfang: 1 Online-Ressource (circa 49 Seiten), Illustrationen
  2. The NAIRU and informality in the Mexican labor market
    Autor*in: Aguilar-Argaez, Ana María; Alcaraz, Carlo; Ramírez, Claudia; Rodríguez-Pérez, Cid Alonso
    Erschienen: February 2022
    Verlag:  Bank for International Settlements, Monetary and Economic Department, [Basel]

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 546
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: BIS working papers ; no 1005
    Schlagworte: Unemployment; Informality; NAIRU; Business cycle
    Umfang: 1 Online-Ressource (circa 54 Seiten), Illustrationen