Effects of the 2008–09 Economic Crisis on Labor Markets in Mexico

The 2008-09 economic crisis has had a long-lasting negative impact on the Mexican economy. This paper examines labor market dynamics in Mexico in light of the crisis. The labor market has been characterized in recent years by low relative unemployment, but high levels of informal jobs, low-growth, and almost stagnant real wages. In this context, the crisis destroyed a wide number of formal jobs, and even informal, increasing the unemployment rates to pre-crisis levels. Manufacturing was the sector that endured the largest job losses during the crisis and wages decreased for all sectors. The government of Mexico implemented a variety of programs to cope with the crises. However, these measures were too limited to counteract the large negative impact of the crisis on labor markets.

Bibliographic Details

Main Authors:	Rodríguez-Oreggia, Eduardo, Freije, Samuel, López-Acevedo, Gladys
Language:	English
Published:	2011-10-01
Subjects:	ACCOUNTING, ACTIVE LABOR, ACTIVE LABOR MARKET, ACTIVE LABOR MARKET POLICIES, ACTIVE LABOR MARKET PROGRAMS, AGE GROUP, AGE GROUPS, AGED WORKERS, AGGREGATE DEMAND, AGRICULTURE, ALLOCATION OF RESOURCES, AVERAGE UNEMPLOYMENT, AVERAGE UNEMPLOYMENT RATE, AVERAGE WAGES, BILATERAL TRADE, CENTRAL BANK, COMPETITIVE PRESSURES, COUNTRY OF ORIGIN, CRISES, DEVELOPMENT POLICY, EARNING, ECONOMETRIC ANALYSIS, ECONOMIC ACTIVITY, ECONOMIC GROWTH, EDUCATIONAL LEVEL, EDUCATIONAL LEVELS, EFFECTIVE POLICIES, ELDERLY, EMPLOYMENT CREATION, EMPLOYMENT DYNAMICS, EMPLOYMENT EFFECTS, EMPLOYMENT GROWTH, EMPLOYMENT IMPACTS, EMPLOYMENT LEVELS, EMPLOYMENT PROGRAM, EMPLOYMENT PROGRAMS, EMPLOYMENT STATUS, ENTRY BARRIERS, EXPORTS, FINANCIAL CRISIS, FINANCIAL SECTOR, FIRM SIZE, GOVERNMENT PROGRAMS, HEALTH INSURANCE, HEALTH SERVICES, HIGH SCHOOL EDUCATION, IMMIGRANTS, IMMIGRATION, INCOME, INCOME DISTRIBUTION, INCOME SUPPORT, INFLATION, INFLATION RATE, INFORMAL EMPLOYMENT, JOB CREATION, JOB DESTRUCTION, JOB LOSSES, JOB SEEKERS, JOBS, LABOR DEMAND, LABOR FORCE, LABOR MARKET, LABOR MARKET ADJUSTMENT, LABOR MARKET PERFORMANCE, LABOR MARKET POLICIES, LABOR MARKETS, LABOR MOBILITY, LABOR POLICIES, LABOR POLICY, LABOR SUPPLY, LACK OF INFORMATION, LAYOFF, LEVELS OF EDUCATION, LEVELS OF PRODUCTIVITY, LIQUIDITY, MACROECONOMIC STABILITY, MATERNITY BENEFITS, MIGRANTS, MIGRATION, MIGRATION FLOWS, MINIMUM WAGE, MINIMUM WAGES, MONETARY POLICY, MOV, NATIONAL LEVEL, NATIONAL POPULATION, NATIONAL POPULATION COUNCIL, NATURAL GAS, NET JOB CREATION, NET JOB LOSSES, NUMBER OF PEOPLE, NUMBER OF WORKERS, OCCUPATION, OCCUPATIONS, ON-THE-JOB TRAINING, OPEN UNEMPLOYMENT, PASSIVE LABOR, PENSIONS, POLICY DISCUSSIONS, POLICY RESEARCH, POLICY RESEARCH WORKING PAPER, POSITIVE EFFECTS, POTENTIAL OUTPUT, PRELIMINARY EVIDENCE, PREVIOUS SECTION, PRIMARY EDUCATION, PRIVATE SECTOR, PRIVATE SERVICES, PRIVATE TRAINING, PRODUCTIVE EMPLOYMENT, PRODUCTIVITY, PRODUCTIVITY GROWTH, PROGRESS, PUBLIC POLICY, PUBLIC WORKS, PUBLIC WORKS PROGRAMS, RATE OF GROWTH, REAL GDP, REAL WAGES, RECESSION, RESPECT, RETIREMENT, RULE OF LAW, SECONDARY EDUCATION, SECRETARIES, SELF EMPLOYED, SELF EMPLOYED WORKERS, SERVICE SECTOR, SEVERANCE PAYMENT, SEX, SKILLED LABOR, SKILLED WORKERS, SOCIAL DEVELOPMENT, SOCIAL PROGRAMS, SOCIAL PROTECTION, SOCIAL SECURITY, SOCIAL SERVICES, TEMPORARY EMPLOYMENT, TEMPORARY JOBS, TOTAL EMPLOYMENT, TOTAL UNEMPLOYMENT, TRAINING COURSES, TRAINING PROGRAM, TRAINING SERVICES, TROUGH, UNEMPLOYED, UNEMPLOYED PEOPLE, UNEMPLOYED POPULATION, UNEMPLOYED WORKERS, UNEMPLOYMENT, UNEMPLOYMENT INSURANCE, UNEMPLOYMENT LEVELS, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, UNEMPLOYMENT SPELL, UNEMPLOYMENT SPELLS, URBAN AREAS, URBAN POPULATION, URBANIZATION, WAGE DISTRIBUTION, WAGE GROWTH, WOMAN, WORKER, WORKERS, WORKFORCE, WORKING-AGE POPULATION, YOUNGER WORKERS,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111011084811 https://hdl.handle.net/10986/3605
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