Abstract

TREJO GARCIA, José Carlos; RIVERA HERNANDEZ, Estefanía Carolina  and  RIOS BOLIVAR, Humberto. Analysis of the hysteresis of unemployment in Mexico in the face of macroeconomic shocks. Contad. Adm [online]. 2017, vol.62, n.4, pp.1228-1248. ISSN 0186-1042.  https://doi.org/10.1016/j.cya.2017.06.005.

This research presents the behavior of the Mexican unemployment rate and shows the dependence with own history and macro variables. The concept of hysteresis or persistence tries to separate this inertia in the unemployment rate and some macroeconomic and endogenous factors. The results show a high inertia in the Mexican labor market, justified by the monetary levels and the dependence of the investment levels, considering the shocks of exports that affect the unemployment in the long term.

Keywords : Hysteresis; Unemployment rate; Monetary policy; Labor market; Econometric methods; J51; J64; E42; J40; B23.

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