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A strategy for development with income redistribution: the minimum wage and growth fronts in Mexico

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Date
2022-04
Author
Bielschowsky, Ricardo
del Castillo, Miguel
Squeff, Gabriel Coelho
Orozco, Roberto
Beteta, Hugo E.
UN Symbol
LC/PUB.2022/5-P
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Abstract
The purpose of this study is to contribute to the discussion on the viability and potential impact of substantially increasing the pay of the lowest-income workers. To this end, a set of simulations are carried out using the input-output matrix to assess the impact on economic variables of increasing the minimum wage. The analysis yields very favourable indications for the viability of growth with income redistribution in Mexico, based essentially on the domestic mass consumption market. Stimulating growth in demand from the lowest-income households has a favourable impact on GDP and employment and only a relatively small effect on both inflation and imports, which grow by much less than they have with the model that has operated over recent decades.
Translation
Estrategia de desarrollo con redistribución del ingreso: el salario mínimo y los frentes de expansión en México
Published in:
CEPAL Review

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Serie
CEPAL Review No. 136
ECLAC Subtopics
ECONOMIC GROWTH ; EMPLOYMENT ; INCOME DISTRIBUTION
United Nations Subtopics
ECONOMIC DEVELOPMENT ; INCOME DISTRIBUTION ; MINIMUM WAGE ; DEVELOPMENT STRATEGIES ; EMPLOYMENT ; PRODUCTIVITY ; CONSUMPTION
Country / Region
MEXICO
URI
https://hdl.handle.net/11362/48042
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