<?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>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552022000100023</article-id>
<article-id pub-id-type="doi">10.24275/uam/azc/dcsh/ae/2022v37n94/angeles</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[Macroeconomic Determinants of the Average Balance in Retirement Accounts in Mexico]]></article-title>
<article-title xml:lang="es"><![CDATA[Determinantes macroeconómicos del saldo promedio de las cuentas de jubilación en México]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Angeles Castro]]></surname>
<given-names><![CDATA[Gerardo]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Centeno Cruz]]></surname>
<given-names><![CDATA[Lillian Marlen]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Campoy Muñoz]]></surname>
<given-names><![CDATA[Pilar]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Instituto Politécnico Nacional Tecnópoli and School of Economics ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Politécnico Nacional Lecturer at School of Economics ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af3">
<institution><![CDATA[,University of Loyola Department of Economics ]]></institution>
<addr-line><![CDATA[ Andalucia]]></addr-line>
<country>Spain</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>04</month>
<year>2022</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>04</month>
<year>2022</year>
</pub-date>
<volume>37</volume>
<numero>94</numero>
<fpage>23</fpage>
<lpage>41</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552022000100023&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552022000100023&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552022000100023&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract Average retirement saving in Mexico is persistently low, the causes are not only microeconomic but also macroeconomic, the latter have been rarely studied in the literature for emerging economies. This paper is aimed at exploring the macroeconomic determinants of average retirement saving in Mexico. We use times series data in monthly bases, from January 2009 to December 2020, and find that economic activity, stock market and real average wage have a positive impact on average retirement saving, while formal employment and the dependency ratio reduce it. The impact of the economic activity is transmitted through employment and real wage. The results provide new insights to design actions and policies to enhance the benefits of macroeconomic variables on the balance of retirement saving.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen El ahorro promedio para la jubilación en México es persistentemente bajo, las causas no son solo microeconómicas sino también macroeconómicas, estas últimas rara vez se han estudiado en la literatura para las economías emergentes. Este artículo tiene como objetivo explorar los determinantes macroeconómicos del ahorro promedio para la jubilación en México. Usamos series de tiempo en bases mensuales, de enero de 2009 a diciembre de 2020, y encontramos que la actividad económica, el mercado de valores y los salarios promedio reales tienen un impacto positivo en el ahorro promedio para la jubilación, mientras que el empleo formal y la razón de dependencia lo reducen. El impacto de la actividad económica se transmite a través del empleo y el salario real. Los resultados brindan nuevos conocimientos para diseñar acciones y políticas que potencien los beneficios de las variables macroeconómicas sobre el saldo del ahorro para la jubilación.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Retirement saving]]></kwd>
<kwd lng="en"><![CDATA[time series]]></kwd>
<kwd lng="en"><![CDATA[pensions]]></kwd>
<kwd lng="en"><![CDATA[Mexico]]></kwd>
<kwd lng="en"><![CDATA[C22]]></kwd>
<kwd lng="en"><![CDATA[E21]]></kwd>
<kwd lng="en"><![CDATA[H55]]></kwd>
<kwd lng="en"><![CDATA[J26]]></kwd>
<kwd lng="es"><![CDATA[Ahorro para el retiro]]></kwd>
<kwd lng="es"><![CDATA[series de tiempo]]></kwd>
<kwd lng="es"><![CDATA[pensiones]]></kwd>
<kwd lng="es"><![CDATA[México]]></kwd>
<kwd lng="es"><![CDATA[C22]]></kwd>
<kwd lng="es"><![CDATA[E21]]></kwd>
<kwd lng="es"><![CDATA[H55]]></kwd>
<kwd lng="es"><![CDATA[J26]]></kwd>
</kwd-group>
</article-meta>
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