This report examines the impact of economic globalization on job security and income distribution, revealing a decline in wage share and a rise in precarious employment, particularly in Mexico.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | |
| Authors: | Daniel Velázquez Orihuela |
| Geographic focus: | Mexico |
| Page count: | páginas. 173-19 |
The research method involves constructing an efficiency-wage model within a demand-constrained equilibrium framework. This model is used to analyze the effects of job insecurity on wage share and employment precariousness. The study also includes a numerical example to demonstrate the model's application to the Mexican labor market.
(Generated with the help of GPT-4)
The research explores the relationship between globalization, job insecurity, and income distribution since the late 1970s. It presents an efficiency-wage model in a demand-constrained equilibrium to explain the reduction in wage share and the increase in precarious employment. The model is applied to the Mexican labor market, showing that rising job insecurity has led to lower wages, more precarious jobs, and a shift in income distribution favoring capital over labor. The study also provides a numerical example to illustrate the theoretical findings.
(Generated with the help of GPT-4)