An assessment of the dynamics between the permanent and transitory components of Mexico's output and unemployment

Previous studies about the relationship between the cyclical components of Mexico's output and unemployment suggest that it closely resembles that found in the economy of the United States of America. This would indicate that the dynamics between output and labour markets in the two economies are rather similar. However, these estimates are puzzling for they do not correspond to a characterization made to Mexico's labour market. Using a methodology first proposed by Clark (1989), we find that the correlation between the transitory components of output and unemployment is much lower t…

Trade policy and wage inequality in Chile since the 1990s

Using the results of seven nationally and regionally representative household surveys, this study analyzes the impact of trade liberalization on wage inequality through a channel in which applied tariffs, owing to the preferential margin given under numerous preferential trade agreements, would affect industry wage premiums during the 1992-2006 period in Chile. I find the skill premiums for high-skilled workers there to have decreased, especially after 2000; this circumstance is unlike that seen in most other Latin American countries or during Chile's initial reform period. The results of…

Latin American and Caribbean Unemployment Rate Could Fall to 6.2% in 2013

(30 October 2013) The Latin American and Caribbean region could end the year with an urban unemployment rate of between 6.2% and 6.3%, which would be slightly lower than 6.4% recorded in 2012, according to the latest projections from the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). According to the document The employment situation in Latin America and the Caribbean - No. 9, "the first half of 2013 was not plain sailing for Latin America and the Caribbean", due to a sluggish world economy, increased financial market volatility…

Anuario Estadístico de América Latina y el Caribe 2013 = Statistical Yearbook for Latin America and the Caribbean 2013

En el Anuario Estadístico de América Latina y el Caribe de la CEPAL se presenta un conjunto de estadísticas básicas que caracterizan la situación económica, sociodemográfica y ambiental de la región referidas a un período en particular. Esta información es parte del conjunto de estadísticas disponibles en CEPALSTAT, el portal de bases de datos y publicaciones estadísticas de la CEPAL. La presente edición del Anuario contiene datos que se encontraban disponibles hasta mediados de diciembre de 2013. Como novedad se han incluido perfiles regionales a modo de resumen para cada una de las áreas, a …

Foro México 2013: Políticas Públicas para un Desarrollo Incluyente