## Spain: Selected Issues

_IMF Staff Country Reports, August 14, 2015_

## Source details

**Canonical URL:** [Spain: Selected Issues](https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192/bundle-manifest.json)

## Bibliographic details
- Published: August 14, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513529059.002

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### Summary findings
- 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.

### Evidence and analytical themes
- Labor market reforms evaluated: 2012 labor market reforms.
- Observed effects:
  - Wage moderation → visible recovery in headline employment growth.
  - Increased resilience of the labor market to shocks.
  - Early signs of decreasing contribution from temporary contracts to employment growth.
- Remaining challenges:
  - Strong overall reliance on temporary workers.
  - Persistently very high long-term, structural unemployment that requires further structural reforms.

### Policy implications and recommendations
- 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.

### Subjects and keywords
- 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

*International 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*

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## Content in this bundle

- **Spain: Selected Issues; IMF Country Report 15/233; July 10, 2015**
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  - [Spain: Selected Issues; IMF Country Report 15/233; July 10, 2015 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr15233.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/spain-selected-issues-43192_