This paper decomposes labor force participation, the unemployment rate, and the employment shares of self-employment, and of the formal and informal salaried sectors into age, cohort, and time effects. The life cycle patterns of labor force participation and formal employment follow a standard...

This paper studies the sustainability of the fiscal policy for Mexico, according to the behavior of the Government budget restriction and the balance in the accumulated debt over the last two decades. We use the value of the debt and the empirical analysis is based in Wilcox (1989), were it is...

This paper presents saving rate decomposition for Mexican households in 1984-1996 using a synthetic panel. The analysis focuses on low-income households and their saving rate trough the life cycle. Our results show that saving rate in poorer households is higher at the beginning and the end of...

Wide concern between academics and policy makers in several countries has long existed on the question of whether individuals are saving enough for their retirement phase. Empirical evidence for developed countries, as well as the little evidence available for developing nations, shows that this...