{
  "title": "Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics",
  "publication": "IMF Staff Country Reports, July 8, 1996",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/spain-selected-issues-labor-market-polices-and-unemployment-dynamics-1612",
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  "summary": "This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain. It provides a brief overview of economic developments and the institutional evolution of the Spanish labor market. The paper presents a basic model of the labor market, which is estimated for 1971–93.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- This Selected Issues paper analyzes labor market policies and unemployment dynamics in Spain.\n- Provides a brief overview of economic developments and the institutional evolution of the Spanish labor market.\n- Publication date on landing page: July 8, 1996."
    },
    {
      "heading": "Model and Estimation",
      "content": "- Presents a basic model of the labor market.\n- The model is estimated for 1971–93.\n- Regression results establish relationships among employment, labor force participation, and real wages.\n- Results illustrate the importance of lags in the econometric specification and allow identification of key structural changes in the labor market."
    },
    {
      "heading": "Key findings (as described on the page)",
      "content": "- Regression results establish the basic underlying relationships among:\n  - employment,\n  - labor force participation,\n  - real wages.\n- Emphasizes the importance of lags in econometric specification.\n- Allows identification of key structural changes in the labor market."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Employment, Labor, Labor force, Labor markets, Real wages, Unemployment\n- 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\n\nSpain: 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"
    }
  ],
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    "Published: July 8, 1996",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451812077.002",
    "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.",
    "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.",
    "Regression results establish the basic underlying relationships among:",
    "Emphasizes the importance of lags in econometric specification.",
    "Allows identification of key structural changes in the labor market.",
    "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"
  ],
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}