The main purpose of this book is to explain Mexico's substandard economic activity by applying the foundational factors approach primarily to Mexico and, for purposes of comparison, secondarily to the United States. The argument is that, unlike the United States, Mexico has been shaped by an...

"This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...