## Spain: Selected Issues-Labor Market Polices and Unemployment Dynamics

_IMF Staff Country Reports, July 8, 1996_

## Source details

**Canonical URL:** [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)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/30/spain-selected-issues-labor-market-polices-and-unemployment-dynamics-1612/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/30/spain-selected-issues-labor-market-polices-and-unemployment-dynamics-1612/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/30/spain-selected-issues-labor-market-polices-and-unemployment-dynamics-1612/bundle-manifest.json)

## Bibliographic details
- Published: July 8, 1996
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451812077.002

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### 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*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/spain-selected-issues-labor-market-polices-and-unemployment-dynamics-1612_