Searcher
David Cervantes Arenillas
David Cervantes Arenillas
BBVA Research - Senior Economist

David Cervantes is Senior Economist at BBVA in Mexico. He is a specialist in impact evaluation, education, financial education, migration, remittances, and labor markets.

BS Degree and PhD in Economics by Universidad Nacional Autónoma de México and Master Degree in Demography by El Colegio de México.

His previous working background includes; deputy director of Evaluation at the BBVA Bancomer Financial Education Program and in the National Institute of Evaluation for Education (Instituto Nacional de Evaluación para la Educación). He has participated in research and impact evaluation projects of national and international organizations like the World Bank and the International Labor Organization and collaborated as a consultant of federal and local governmental programs in Mexico.

He has been a professor of Statistics and Econometrics at the Universidad Nacional Autónoma de México and Universidad Anáhuac México Sur.

Latest publications

The employment resumes growth in April (2.5% year-on-year); this rebound in employment is explained by the negative impact of the previous month's Easter week. A change in the employment creation trend is not anticipated but rather seen as a temporary adjustment
In the first quarter of 2024, job creation remained strong, but overall employment growth has slowed compared to last year. April saw only 175 thousand new jobs added, well below the expected 243 thousand.
The average real wages of formal workers in Mexico have shown notable growth, accompanied by a significant improvement in workers' purchasing power, especially in the lowest income deciles, which indicates progress towards lower wage inequality.