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Analysis of the hysteresis of unemployment in Mexico in the face of macroeconomic shocks

Author

Listed:
  • José Carlos Trejo García

    (Instituto Politécnico Nacional, México)

  • Estefanía Carolina Rivera Hernández

    (Instituto Politécnico Nacional, México)

  • Humberto Ríos Bolívar

    (Instituto Politécnico Nacional, México)

Abstract

This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.

Suggested Citation

  • José Carlos Trejo García & Estefanía Carolina Rivera Hernández & Humberto Ríos Bolívar, 2017. "Analysis of the hysteresis of unemployment in Mexico in the face of macroeconomic shocks," Contaduría y Administración, Accounting and Management, vol. 62(4), pages 1249-1269, Octubre-D.
    • Handle: RePEc:nax:conyad:v:62:y:2017:i:4:p:1249-1269
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    File URL: http://www.cya.unam.mx/index.php/cya/article/view/1688/1161
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Hysteresis; Unemployment rate; Monetary policy; Labor market; Econometric methods.;
    All these keywords.

    JEL classification:

    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • J40 - Labor and Demographic Economics - - Particular Labor Markets - - - General
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies

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