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

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

Revista de Economía Institucional, 2005, vol. 7, issue 12, 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
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.uexternado.edu.co/facecono/ecoinstituci ... papers/apuyana12.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rei:ecoins:v:7:y:2005:i:12:p:63-95

Access Statistics for this article

Revista de Economía Institucional is currently edited by Alberto Supelano

More articles in Revista de Economía Institucional from Universidad Externado de Colombia - Facultad de Economía Cra. 1 No. 12-68 Casa de las Mandolinas. Contact information at EDIRC.
Bibliographic data for series maintained by Paola Rodríguez ().