During the 2000s Mexico grew less than the average for Latin America. Labour market indicators exhibited mixed changes, with improvements over the period for some of them and deterioration for others. The country was severely hurt by the international crisis of 2008, but Mexico surpassed its...

The frequency and intensity of extreme weather events are likely to increase as climate change unravels. Although there is a large literature documenting detrimental effects on economic activity, there is a lack of evidence on firms' responses to temperature extremes, particularly how their...

There is no clear theoretical prediction about whether a positive income shock stemming from higher remittances should complement or substitute for credit. Accordingly, existing studies in the empirical literature have found opposing results. This paper reconciles these seemingly contradictory...

We characterize the salient features of the distribution of earnings and earnings changes of formal workers in Mexico using social security records for the period 2005-2019. We find strong evidence of deviations from normality of these distributions. Comparing the results obtained with...

We characterize the salient features of the distribution of (log) earnings of formal workers in Mexico using social security records for the period 2005-2019. The analysis is based on a nonparametric approach and is focused primarily on the properties of the distribution of earnings changes. We...

This paper examines changes in individual earnings during positive and negative growth periods in three Latin American economies: Argentina, Mexico, and Venezuela. We ask two major questions. First, do panel income changes favor the income recipients who started at the top of the income...

This paper examines changes in individual earnings during positive and negative growth periods in three Latin American economies: Argentina, Mexico, and Venezuela. We ask whether those individuals who start in the best economic position are those who experience the largest earnings gains or the...