Reforma estructural, contención de los salarios y ganancias del capital: la experiencia mexicana

Alicia Puyana () and José Romero ()
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Alicia Puyana: Facultad Latinoamericana de Ciencias Sociales
José Romero: El Colegio de México

Revista de Economía Institucional, 2005, vol. 7, issue 12, pages 63-95

Abstract: In Mexico, wages have stagnated and profits have increased since 1980. This paper analyzes the causes of this performance both at an aggregate and sectorial level. Although in theory trade liberalization should have led to increased wages and a reduction of profits, an unlimited supply of labor prevented wages from increasing and transformed productivity gains in higher returns on capital. Growth of qualified employment was not the result of generalized technological advances; it reflected changes in the composition of labor supply. Higher investment in human capital does not necessarily lead to higher productivity or income. If the improvement in education of the labor force is to generate higher productivity, a public policy of stimulus for economic growth is required.

Keywords: wage; profit; skills; technology; liberalization (search for similar items in EconPapers)
JEL-codes: J21 J24 J31 O15 O32 (search for similar items in EconPapers)
Date: 2005
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Persistent link: http://EconPapers.repec.org/RePEc:rei:ecoins:v:7:y:2005:i:12:p:63-95

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