A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Wage flexibility and employment resilience in the Spanish labour market over the Great Recession
The Spanish economy is characterized by significant and persistent regional disparities. The Great Recession caused a severe economic downturn, marked by declining wages and rising unemployment, influenced by the internal wage devaluation policies. We investigate the relationship between wage flexibility and regional labour market resilience. We estimate a spatial panel wage curve using microdata from social security records for the period 2002–19 using geographical and time weighted regression techniques. Our findings reveal that regions with higher wage flexibility exhibit higher resilience recovery indices, highlighting the importance of wage flexibility as a short-term adjustment mechanism in response to labour market shocks.
Wage flexibility and employment resilience in the Spanish labour market over the Great Recession
The Spanish economy is characterized by significant and persistent regional disparities. The Great Recession caused a severe economic downturn, marked by declining wages and rising unemployment, influenced by the internal wage devaluation policies. We investigate the relationship between wage flexibility and regional labour market resilience. We estimate a spatial panel wage curve using microdata from social security records for the period 2002–19 using geographical and time weighted regression techniques. Our findings reveal that regions with higher wage flexibility exhibit higher resilience recovery indices, highlighting the importance of wage flexibility as a short-term adjustment mechanism in response to labour market shocks.
Wage flexibility and employment resilience in the Spanish labour market over the Great Recession
López-Tamayo, Jordi (author) / Ramos, Raul (author) / Royuela, Vicente (author)
Regional Studies ; 57 ; 2443-2456
2023-12-02
14 pages
Article (Journal)
Electronic Resource
Unknown
Wage flexibility in the Chinese labour market, 1989–2009
| Taylor & Francis Verlag | 2017
Wage flexibility in the Chinese labour market, 1989-2009
| Online Contents | 2017
Wage flexibility in the Chinese labour market, 1989–2009
| Online Contents | 2016
The accessibility to employment offices in the Spanish labour market*
| Online Contents | 2012
Wage flexibility and unemployment dynamics in regional labour markets
| Online Contents | 1993