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http://ri.uaemex.mx/handle20.500.11799/105619| Title: | Macroeconomic Determinants of Real Wages in an Internationally Integrated Economy, Mexico 1998.1 - 2011.4 | Keywords: | Rational expectations;real wage;Productivity;Generalized Method of Moments;info:eu-repo/classification/cti/5 | Publisher: | Moderm Economy | Project: | 10 | Description: | The objective of the current document is to analyze the macroeconomic determinants of real wages in Mexico, an economy with a high degree of integration with the US, under the Hypotheses of Rational Expectations, through the Generalized Method of Moments (GMM). We estimated an ad hoc wage-setting equation, to the Mexican economy. The outcomes validate the existence of a Phillips curve and show that the unemployment is the most important variable in determining the real salary rates. However, productivity keeps a close relation with wages, while the inflation expectations play a secondary role in determining them. | URI: | http://ri.uaemex.mx/handle20.500.11799/105619 | Other Identifiers: | http://hdl.handle.net/20.500.11799/105619 | Rights: | info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by-nc-nd/4.0 |
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