Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics

July 8, 1996

Preview Citation

Format: Chicago

Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics, (USA: International Monetary Fund, 1996) accessed November 23, 2024

Summary

This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain. It provides a brief overview of economic developments and the institutional evolution of the Spanish labor market. The paper presents a basic model of the labor market, which is estimated for 1971–93. The regression results establish the basic underlying relationships among employment, labor force participation, and real wages. They also illustrate the importance of lags in the econometric specification and allow the identification of key structural changes in the labor market.

Subject: Employment, Labor, Labor force, Labor markets, Real wages, Unemployment

Keywords: CR, Determination equation, Employment, Employment equation, Equation dynamics, Europe, ISCR, Labor force, Labor markets, Product wage, Real wages, Replacement ratio, Severance pay, Unemployment, Wage growth, Western Europe

Publication Details

Pages:

46
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/057
Stock No:

1ESPEA0021996
ISBN:

9781451812077
ISSN:

1934-7685

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