{
  "title": "Spain: Selected Issues",
  "publication": "IMF Staff Country Reports, August 14, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192",
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  "summary": "This Selected Issues paper presents a preliminary assessment of recent labor market reforms in Spain, where the 2012 labor market reforms are making a difference.",
  "publishDate": "2015-08-14",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- The paper presents a preliminary assessment of recent labor market reforms in Spain, focusing on the 2012 labor market reforms.\n- Wage moderation is contributing to a visible recovery in headline employment growth.\n- The reforms have made the labor market more resilient to shocks.\n- Some evidence exists that the contribution of temporary contracts to employment growth has started to decrease.\n- Reliance on temporary workers remains strong overall.\n- Further structural reforms will be required to reduce the still very high level of long-term, structural unemployment."
    },
    {
      "heading": "Evidence and analytical themes",
      "content": "- Labor market reforms evaluated: 2012 labor market reforms.\n- Observed effects:\n  - Wage moderation → visible recovery in headline employment growth.\n  - Increased resilience of the labor market to shocks.\n  - Early signs of decreasing contribution from temporary contracts to employment growth.\n- Remaining challenges:\n  - Strong overall reliance on temporary workers.\n  - Persistently very high long-term, structural unemployment that requires further structural reforms."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Continue structural reforms aimed at reducing the reliance on temporary contracts.\n- Implement measures to address long-term, structural unemployment, building on the resilience gains from the 2012 reforms.\n- Maintain wage moderation policies to support continued employment growth recovery."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Employment, Fiscal policy, International organization, Labor, Monetary policy, Potential output, Production, Total factor productivity, Wages\n- Keywords: Employment, employment growth, Europe, fiscal policy, Global, micro firm, Potential output, TFP slowdown, Total factor productivity, wage growth, Wages\n\nInternational Monetary Fund. European Dept. \"Spain: Selected Issues\", IMF Staff Country Reports 2015, 233 (2015), accessed 8/28/2026, https://doi.org/10.5089/9781513529059.002\n\n---\n\n Content in this bundle\n\n- Spain: Selected Issues; IMF Country Report 15/233; July 10, 2015\n  - Spain: Selected Issues; IMF Country Report 15/233; July 10, 2015 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Spain: Selected Issues; IMF Country Report 15/233; July 10, 2015 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192"
    }
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    "Published: August 14, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513529059.002",
    "The paper presents a preliminary assessment of recent labor market reforms in Spain, focusing on the 2012 labor market reforms.",
    "Wage moderation is contributing to a visible recovery in headline employment growth.",
    "The reforms have made the labor market more resilient to shocks.",
    "Some evidence exists that the contribution of temporary contracts to employment growth has started to decrease.",
    "Reliance on temporary workers remains strong overall.",
    "Further structural reforms will be required to reduce the still very high level of long-term, structural unemployment.",
    "Labor market reforms evaluated: 2012 labor market reforms.",
    "Observed effects:",
    "Remaining challenges:",
    "Continue structural reforms aimed at reducing the reliance on temporary contracts.",
    "Implement measures to address long-term, structural unemployment, building on the resilience gains from the 2012 reforms.",
    "Maintain wage moderation policies to support continued employment growth recovery.",
    "Subject: Employment, Fiscal policy, International organization, Labor, Monetary policy, Potential output, Production, Total factor productivity, Wages",
    "Keywords: Employment, employment growth, Europe, fiscal policy, Global, micro firm, Potential output, TFP slowdown, Total factor productivity, wage growth, Wages",
    "**Spain: Selected Issues; IMF Country Report 15/233; July 10, 2015**"
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