Persistent Misallocation: Informality and Productivity in Mexico, 1998-2013

Persistent Misallocation: Informality and Productivity in Mexico, 1998-2013

Thursday, April 27, 2017
2:10 pm - 3:40 pm

Hamilton Hall, 1130 Amsterdam Ave., New York, NY 10027 602

Presented by Dr. Santiago Levy, Vice-President for Sectors and Knowledge at the Inter-American Development Bank Moderated by: Jan Svejnar, James T. Shotwell Professor of Global Political Economy and Director of the Center on Global Economic Governance Over the last two decades Mexico has had an open trade regime, experienced macroeconomic stability, and made substantial progress in education. Why, then, have average workers? earnings stagnated and earnings for workers with more schooling have declined? This is likely explained by large and persistent distortions that misallocate resources towards less productive firms. Co-sponsored by Columbia University's Program in Economic Policy Management