Labour productivity
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February 9, 2024
US | Strong job growth over the past two months…
Signs indicate a gradual slowdown/normalization of the labor market, with NIFB survey trends suggesting no acceleration in employment, alongside lower Job openings and quits indicating slower wage growth.
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December 21, 2023
Spain | Proposal to reduce the maximum legal working hours: incidence and potential impact
The objectives of this study aim to gauge the impact of the reduction in the legal maximum working hours, pinpoint potentially affected workers, estimate the macroeconomic repercussions, and propose economic policy measures to amplify the positive effects of the reform while mitigating the negative ones.
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December 1, 2022
Mexico | The minimum wage policy: a necessary but insufficient debate
The minimum wage policy has been insufficient to attack the structural problems of the labor market. It has eclipsed the need to discuss more structural aspects of the economy that allow for a more robust labor market and a horizon for creating jobs with better remuneration.
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December 7, 2021
Spain | Where are wages headed?
Wages will attract close attention in the coming months. First, because rising inflation is placing wages under strain. Second, because there is uncertainty as to how much bargaining power employees and employers will have.
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February 3, 2020
Productivity, Cycle and Reforms
With changes to labor regulations being proposed, priority should be given to addressing structural challenges that have not been resolved by the reforms that have taken place in recent years. Among these factors that are embedded in the Spanish economy is productivity.
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January 27, 2020
Spain | Un(productivity): the Spanish disease
Labor productivity in Spain is counter-cyclical, unlike in the majority of developed economies. This phenomenon is mainly due to the poor functioning of the labor market. There is an urgent need to adopt reforms to boost sustained productivity growth
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July 3, 2018
Spain | Productivity and efficiency of the public sector
In this paper, the productivity of the public sector in Spain is analyzed comparatively. Although the public sector is not the main cause behind the negative behavior of productivity in Spain, there is ample room for improvement to reach the levels of efficiency and effectiveness presented by the rest of the main peers.
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April 6, 2018
U.S. | The case of missing wage growth
The General Purpose Technology advancements, Information Communication Technology and digitization, are the common factors behind three major trickle-down structural contributors to stagnant real wage growth – low productivity growth, the decline in labor income share, and the rise in wage growth distribution inequality.
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January 29, 2018
Portugal: expansion, with issues to resolve
The prospects for the Portuguese economy are positive, although the country still has significant imbalances that could slow the pace of recovery if the reforming zeal shown in the past few years is not maintained.
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