Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics

IMF Staff Country Reports, July 8, 1996

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Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics

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Bibliographic details

• Published: July 8, 1996
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451812077.002

Overview

• This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain.
• Provides a brief overview of economic developments and the institutional evolution of the Spanish labor market.
• Publication date on landing page: July 8, 1996.

Model and Estimation

• Presents a basic model of the labor market.
• The model is estimated for 1971–93.
• Regression results establish relationships among employment, labor force participation, and real wages.
• Results illustrate the importance of lags in the econometric specification and allow identification of key structural changes in the labor market.

Key findings (as described on the page)

• Regression results establish the basic underlying relationships among:
  • employment,
  • labor force participation,
  • real wages.
• Emphasizes the importance of lags in econometric specification.
• Allows identification of key structural changes in the labor market.

Subjects and keywords

• 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

Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics — https://www.imf.org/en/publications/cr/issues/2016/12/30/spain-selected-issues-labor-market-polices-and-unemployment-dynamics-1612