Research Economist - Banco de México
less than 1 minute read
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Publiqué una entrada en el blog del Observatorio Fiscal de la Universidad Javierana acerca de los impactos del salario mínimo, y cómo fijarlo para el 2021 en un escenario de pandemia.
¿Ajustes al salario mínimo? Una conversación incómoda pero necesaria
5 minute read
Published:
In January 2019, in an effort to boost activity on the northern Mexican border, the authorities increased the minimum wage by 100 percent and decreased the value-added tax (VAT) by half. Disentangling both effects, we find increments in prices due to the minimum wage hike that were more than offset by the decreases associated with the VAT. In the absence of both policy changes, average prices would have been higher. The share of informal labor in the production of different goods seems to be playing a role in the impact of the minimum wage on prices.
2 minute read
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Texto de carta al Honorable Representate Arcos Benavides sobre Ley del Economista
4 minute read
Published:
We analyze the efficacy of hiring tax credits, particularly in distressed labor markets. These types of programs have provenhard to assess as their introduction tends to be endogenous. We find sizable and robust impacts on employment and unemployment: a $9,000 credit leads to a nearly 0.5 percentage points reduction in the unemployment rate and a 3% increase in employment in the counties where the credit was made available.
5 minute read
Published:
Analizamos la eficacia de las deducciones fiscales por contratación de trabajadores, particularmente en mercados laborales deprimidos. Este tipo de programas ha sido difícil de evaluar por su asignación endógena. Encontramos impactos robustos en el desempleo y en el empleo: una deducción de 9000 dólares por contratación reduce la tasa de desempleo en 0.5 pp e incrementa el empleo en 3% en los condados donde la deducción estuvo disponible.