Downward wage rigidities in the Mexican labor market: 1996–2011

Juarez, Laura and de la Cabada, Daniel Casarin (2018) Downward wage rigidities in the Mexican labor market: 1996–2011. Economía, 19 (1). 129 - 180. ISSN 1529-7470

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Abstract

In this paper, we provide evidence of the existence and evolution of downward real and nominal wage rigidities in Mexico in the period 1996–2011, which was characterized by a reduction in the level and volatility of inflation. Our results suggest that, throughout the period, a much larger fraction of private sector workers, who stay in the same job from one year to another, are subject to downward real wage rigidities than to nominal ones. Nevertheless, the relative prevalence of nominal rigidities increases slightly as inflation decreases.

Item Type:	Article
Official URL:	https://economia.lse.ac.uk/
Additional Information:	© 2018 LACTEA
Divisions:	LSE
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor
JEL classification:	J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J30 - General
Date Deposited:	03 Sep 2024 16:27
Last Modified:	14 Sep 2024 10:04
URI:	http://eprints.lse.ac.uk/id/eprint/123358

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