The effects of wage flexibility on activity and employment in the Spanish economy
Published on Friday, August 25, 2017 | Updated on Friday, August 25, 2017
The effects of wage flexibility on activity and employment in the Spanish economy
Summary
Together with Greece, Spain was the European country with the highest unemployment increase during the Great Recession, despite a fall in GDP similar to that in other economies. Objective of this paper: to quantify the macroeconomic effects of the changes in the labour market since 2012.
Geographies
- Geography Tags
- Spain
Topics
- Topic Tags
- Employment
- Macroeconomic Analysis
Tags
- Tags
- GDP
- labor market
Authors
Rafael Doménech
BBVA Research - Head of Economic Analysis
Juan Ramón García
BBVA Research - Principal Economist
Camilo Ulloa
BBVA Research - Principal Economist