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an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …
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whether changes in matching frictions can explain the large and persistent increase in Mexican unemployment after the 2008 … unemployment rate. Hence, these results suggest that changes in matching frictions cannot explain most of the increase in … unemployment. …
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We characterize the salient features of the distribution of earnings and earnings changes of formal workers in Mexico using social security records for the period 2005-2019. We find strong evidence of deviations from normality of these distributions. Comparing the results obtained with...
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The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal … informality seems to predict inflationary pressures more accurately when the unemployment gap is close to zero. …
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