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In recent years, the labor market in Mexico has become increasingly precarious, as the proportion of the employed population that receives low wages has risen and the critical conditions of occupation have grown exponentially. To enrich the concept of labor precariousness, we aggregated three additional variables. Through a logit model -with data from the Social Mobility Survey in Mexico 2017-we proved that a set of variables that are external to individuals have statistically significant effects on the employment trajectory and social mobility of the employed population. These results empirically validate The Great Gatsby Curve for Mexico. [ABSTRACT FROM AUTHOR]

This paper uses Kaldor's first law to provide an explanation for Mexico's low economic growth over the last four decades. The starting point for analysis is the hypothesis that the lack of dynamism in total production (non-manufacturing) is due to slow momentum in manufacturing and, in particular, to the fact that the Kaldor coefficient has decreased with trade liberalization. Estimates were made (1980.1- 2017.2) using the generalized method of moments (GMM) and rolling regression (recursive estimations). These estimates have been useful in solving the problem of serial correlation and have contributed towards a better statistical evaluation of the evolution of the Kaldor coefficient. [ABSTRACT FROM AUTHOR]

Recent literature has empirically demonstrated that the real exchange rate is essential to explaining the economic evolution of developing countries. It has been empirically proven that the anti-inflation exchange rate policy implemented systematically in Mexico has constituted a major restriction on the country's economic growth, a restriction that has persisted throughout this entire time period, even through different monetary and exchange rate regimes. This paper estimates an svar (1950-2014) that shows how the continuous appreciation of the real exchange rate has curbed Mexico's economic growth capacity and had an impact on other macroeconomic balances. This alone could be considered a highly potent structural macroeconomic reform. [ABSTRACT FROM AUTHOR]