<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-7202</journal-id>
<journal-title><![CDATA[Estudios Económicos (México, D.F.)]]></journal-title>
<abbrev-journal-title><![CDATA[Estud. Econ. (México, D.F.)]]></abbrev-journal-title>
<issn>0186-7202</issn>
<publisher>
<publisher-name><![CDATA[El Colegio de México A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-72022021000100177</article-id>
<article-id pub-id-type="doi">10.24201/ee.v36i1.417</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[The NAIRU and informality in the mexican labor market]]></article-title>
<article-title xml:lang="es"><![CDATA[La NAIRU y la informalidad en el mercado laboral mexicano]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Aguilar-Argaez]]></surname>
<given-names><![CDATA[Ana María]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Alcaraz]]></surname>
<given-names><![CDATA[Carlo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ramírez]]></surname>
<given-names><![CDATA[Claudia]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Rodríguez-Pérez]]></surname>
<given-names><![CDATA[Cid Alonso]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,BIS  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>USA</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Banco de México  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>USA</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>06</month>
<year>2021</year>
</pub-date>
<volume>36</volume>
<numero>1</numero>
<fpage>177</fpage>
<lpage>230</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-72022021000100177&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-72022021000100177&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-72022021000100177&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: The non-accelerating inflation rate of unemployment (NAIRU) is not directly observable and the presence of informal workers imposes an additional challenge in its estimation. In this paper, we present an estimation of the traditional NAIRU for Mexico and an alternative measure that includes informality as an indicator of labor underutilization. We find that both measures of NAIRU and the associated labor market slack indicators follow similar patterns over time. However, the slack estimated with the indicator that includes informality seems to predict inflationary pressures more accurately when the unemployment gap is close to zero.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: La tasa de desempleo no aceleradora de la inflación (NAIRU, por sus siglas en inglés) no es directamente observable y la presencia de trabajadores informales impone un desafío adicional en su estimación. En este artículo, presentamos una estimación de la NAIRU tradicional para México y una medida alternativa que incluye la informalidad como un indicador de subutilización laboral. Encontramos que ambas medidas de la NAIRU y los indicadores de holgura del mercado laboral asociados siguen patrones similares a lo largo del tiempo. Sin embargo, la holgura estimada con el indicador que incluye la informalidad parece predecir las presiones inflacionarias con mayor precisión cuando la brecha de desempleo es cercana a cero.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[NAIRU]]></kwd>
<kwd lng="en"><![CDATA[unemployment, informality, business cycle]]></kwd>
<kwd lng="en"><![CDATA[E26]]></kwd>
<kwd lng="en"><![CDATA[E32]]></kwd>
<kwd lng="en"><![CDATA[E52]]></kwd>
<kwd lng="es"><![CDATA[desempleo]]></kwd>
<kwd lng="es"><![CDATA[informalidad]]></kwd>
<kwd lng="es"><![CDATA[NAIRU]]></kwd>
<kwd lng="es"><![CDATA[ciclo económico]]></kwd>
<kwd lng="es"><![CDATA[E26]]></kwd>
<kwd lng="es"><![CDATA[E32]]></kwd>
<kwd lng="es"><![CDATA[E52]]></kwd>
</kwd-group>
</article-meta>
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<surname><![CDATA[McFadden]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
</person-group>
<source><![CDATA[Handbook of Econometrics]]></source>
<year>1994</year>
<volume>4</volume>
<page-range>2739-841</page-range><publisher-name><![CDATA[Elsevier]]></publisher-name>
</nlm-citation>
</ref>
</ref-list>
</back>
</article>
