Spain: Selected Issues

August 14, 2015

Preview Citation

Format: Chicago

Spain: Selected Issues, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This Selected Issues paper presents a preliminary assessment of recent labor market reforms in Spain, where the 2012 labor market reforms are making a difference. Wage moderation is contributing to a visible recovery in headline employment growth, and the reforms have made the labor market more resilient to shocks. Some evidence exists that the contribution of temporary contracts to employment growth has started to decrease. However, the reliance on temporary workers remains strong overall, and further structural reforms will be required to reduce the still very high level of long-term, structural unemployment.

Subject: Employment, Fiscal policy, International organization, Labor, Monetary policy, Potential output, Production, Total factor productivity, Wages

Keywords: Employment, Employment growth, Europe, Fiscal policy, Global, Micro firm, Potential output, TFP slowdown, Total factor productivity, Wage growth, Wages

Publication Details

Pages:

140
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/233
Stock No:

1ESPEA2015002
ISBN:

9781513529059
ISSN:

1934-7685

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