The Effects of Wage Flexibility on Activity and Employment in the Spanish Economy
Publicada el lunes, 3 de octubre de 2016 | Actualizada el lunes, 3 de octubre de 2016
The Effects of Wage Flexibility on Activity and Employment in the Spanish Economy
Resumen
We estimate the macroeconomic effects of the greater wage and firms' internal flexibility promoted by various changes in Spanish labour regulations approved since 2012 and by the Second Agreement on Employment and Collective Bargaining. We propose a structural VAR that allows us to decompose the changes in the main macroeconomic variables into different structural shocks.
Geografías
- Etiquetas de Geografía
- España
Temáticas
- Etiquetas de Temática
- Empleo
- Análisis Macroeconómico
Etiquetas
- Etiquetas
- analisis económico
- flexibilidad salarial
Autores
Rafael Doménech
BBVA Research - Responsable de Análisis Económico
Juan Ramón García
BBVA Research - Economista Principal
Camilo Ulloa
BBVA Research - Economista Principal