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The Impact Of The Spanish Labour Market Reform On The On The Job Search Rate
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Book Synopsis The Impact of the Spanish Labour Market Reform on the On-the-job Search Rate by :
Download or read book The Impact of the Spanish Labour Market Reform on the On-the-job Search Rate written by and published by . This book was released on 2014 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Country Focus discusses the effects of the reform of the severance payment regime on job-to-job mobility in Spain. Job-to-job mobility is important in the process of allocation of resources towards more productive sectors and companies. Prior to the reform in 2012, Spanish employees hired under open-ended contracts enjoyed a particularly generous severance payment regime by international standards. This is likely to have contributed to the observed comparatively low job-to-job mobility. The 2012 labour market reform, amongst other things, introduced a cap on the severance payment of employees hired with open-ended contracts, mainly with the aim of encouraging new hires. A possible positive side effect of the reform may be to decrease employees' disincentives to job mobility. In the current macroeconomic context, job-to-job transitions are far too infrequent events to estimate directly the impact of the reform on job mobility. Instead, we analyse the impact of the reform on the search rate of employees hired on open-ended contracts - the so called "on-the-job search rate". The hypothesis of an increase in search behaviour after the reform is tested empirically. The results support the hypothesis of a significant increase in job search behaviour post-reform, which may translate into higher levels of job mobility once employment creation moves more sustainably into positive territory and more vacancies materialise.
Book Synopsis The 2012 Labour Market Reform in Spain A Preliminary Assessment by : OECD
Download or read book The 2012 Labour Market Reform in Spain A Preliminary Assessment written by OECD and published by OECD Publishing. This book was released on 2014-06-18 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an initial evaluation of the comprehensive reform of the Spanish labour market undertaken in 2012.
Book Synopsis Distributional Implications of Labor Market Reforms: Learning from Spain's Experience by : Ara Stepanyan
Download or read book Distributional Implications of Labor Market Reforms: Learning from Spain's Experience written by Ara Stepanyan and published by International Monetary Fund. This book was released on 2020-02-13 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spain’s structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create jobs. But the impact of these labor reforms on income inequality and social inclusion has not been analyzed much. This paper aims to shed light on this issue by employing an econometric decomposition procedure combined with the synthetic control method. The results indicate that the 2012 labor reforms have helped improve employment and income equality outcomes with no substantial impact on the overall risk of poverty. Nevertheless, the reforms appear to have induced a deterioration of average hours worked, in-work poverty, and possibly also of involuntary part-time employment.
Book Synopsis Unemployment and Labour Market Flexibility by : Juan Jimeno
Download or read book Unemployment and Labour Market Flexibility written by Juan Jimeno and published by International Labour Organization. This book was released on 1994 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estudio donde se examinan las razones para la gran persistencia e incremento del desempleo en España a partir de los primeros años de la década de los setenta, centrándose particularmente en la flexibilidad como principal razón para la ineficacia del mercado laboral.
Book Synopsis The Spanish Labor Market in a Cross-Country Perspective by : Ms.Florence Jaumotte
Download or read book The Spanish Labor Market in a Cross-Country Perspective written by Ms.Florence Jaumotte and published by International Monetary Fund. This book was released on 2011-01-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Spanish labor market is not working: the unemployment rate is structurally very high; wages are not very responsive to labor market conditions, causing a high cyclicality of unemployment; and the labor market is highly dual. Compared with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining, which occurs mostly at an intermediate level, and by very high severance payments for permanent workers. Based on a quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward bringing the unemployment rate closer to the EU15 average. The key reform needed to reduce the share of temporary workers is reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the protection of permanent workers are likely to be highly complementary to secure a substantial reduction in the unemployment rate. The recent 2010 labor market reform attempts to address these issues, although its effects are still to materialize.
Book Synopsis Policy Complementarities by : Mr.David T. Coe
Download or read book Policy Complementarities written by Mr.David T. Coe and published by International Monetary Fund. This book was released on 1996-08-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that an important group of labor market policies are complementary in the sense that the effect of each policy is greater when implemented in conjunction with the other policies than in isolation. This may explain why the diverse, piecemeal labor market reforms in many European countries in recent years have had so little success in reducing unemployment. What is required instead is deeper labor market reforms across a broader range of complementary policies and institutions. To be politically feasible, these reforms must be combined with measures to address distributional issues.
Book Synopsis Reforming the Labour Market in Spain by : Anita Wölfl
Download or read book Reforming the Labour Market in Spain written by Anita Wölfl and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After steady employment growth since the 1990s, Spain has experienced the sharpest increase in unemployment among OECD countries during the crisis, amplified by structural problems of the labour market. Very high de facto severance payment of permanent contracts has resulted in a rigid dual market with adverse effects on unemployment and productivity. The collective wage bargaining system has hindered firms from adapting to macroeconomic shocks exacerbating their negative effects on the labour market. The recent labour market reform legislation is a positive step to reduce excessive protection of workers in permanent contracts, although some uncertainty remains on how courts will interpret it. It also makes it easier for firms to opt out from higher level collective agreements. The large drop-out rate from lower secondary education is an important factor explaining very high unemployment among young workers. Better access of young people to training is an effective tool to keep them out of a depressed labour market. Finally, the matching of people to jobs, notably through the public employment services, needs to be made more efficient, all the more so under currently tight fiscal constraints. Although the recent reform allows private for-profit firms to provide placement services, more needs to be done. Performance of regional public employment services should be benchmarked and incentives of unemployment benefit recipients to search for a job increased. [Resumen de autor]
Book Synopsis Employment Consequences of Restrictive Permanent Contracts by : Adriana D. Kugler
Download or read book Employment Consequences of Restrictive Permanent Contracts written by Adriana D. Kugler and published by . This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Explaining Unemployment in Spain by : Jeffrey R. Franks
Download or read book Explaining Unemployment in Spain written by Jeffrey R. Franks and published by International Monetary Fund. This book was released on 1994-09 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.
Author :Organization for Economic Cooperation and Development Publisher :Organization for Economic Co-Operation & Development ISBN 13 :9789264213999 Total Pages :0 pages Book Rating :4.2/5 (139 download)
Book Synopsis 2012 Labour Market Reform in Spain by : Organization for Economic Cooperation and Development
Download or read book 2012 Labour Market Reform in Spain written by Organization for Economic Cooperation and Development and published by Organization for Economic Co-Operation & Development. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an initial evaluation of the comprehensive reform of the Spanish labor market undertaken in 2012. It describes the key components of the 2012 reform and places them in the context of the evolution of labor market institutions in other OECD member countries, with a particular focus on collective bargaining and employment protection legislation. The report also assesses the impact of the reform on the ability of firms to adjust wages and working time to cope with demand shocks, as well as the flows in the labor market for different types of contracts and the overall duality of the Spanish labor market. It also considers what complementary reforms would be required to improve the effectiveness of the labor market reform, in particular in the area of active labor market policies.
Book Synopsis Employment Protection Legislation and Labour Market Outcomes in Spain by : Simon Milner
Download or read book Employment Protection Legislation and Labour Market Outcomes in Spain written by Simon Milner and published by . This book was released on 1995 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Studies by : Luis Toharia
Download or read book Labour Market Studies written by Luis Toharia and published by . This book was released on 1997 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recoge: 1. Labour market analysis and forecasts - 2. Labour market institutions and legislation - 3. Labour market policies - 4. Other policies affecting the labour market.
Book Synopsis Assessing the Political Viability of Labour Market Reform by : Gilles Saint-Paul
Download or read book Assessing the Political Viability of Labour Market Reform written by Gilles Saint-Paul and published by . This book was released on 1999 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Reforms and Unemployment by : Stefano Scarpetta
Download or read book Labour Market Reforms and Unemployment written by Stefano Scarpetta and published by . This book was released on 1998 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Law and Employment by : James J. Heckman
Download or read book Law and Employment written by James J. Heckman and published by University of Chicago Press. This book was released on 2007-11-01 with total page 585 pages. Available in PDF, EPUB and Kindle. Book excerpt: Law and Employment analyzes the effects of regulation and deregulation on Latin American labor markets and presents empirically grounded studies of the costs of regulation. Numerous labor regulations that were introduced or reformed in Latin America in the past thirty years have had important economic consequences. Nobel Prize-winning economist James J. Heckman and Carmen Pagés document the behavior of firms attempting to stay in business and be competitive while facing the high costs of complying with these labor laws. They challenge the prevailing view that labor market regulations affect only the distribution of labor incomes and have little or no impact on efficiency or the performance of labor markets. Using new micro-evidence, this volume shows that labor regulations reduce labor market turnover rates and flexibility, promote inequality, and discriminate against marginal workers. Along with in-depth studies of Colombia, Peru, Brazil, Argentina, Chile, Uruguay, Jamaica, and Trinidad, Law and Employment provides comparative analysis of Latin American economies against a range of European countries and the United States. The book breaks new ground by quantifying not only the cost of regulation in Latin America, the Caribbean, and in the OECD, but also the broader impact of this regulation.
Book Synopsis Reforming the Labor Market and Improving Competitiveness by : Tim Schwarzmüller
Download or read book Reforming the Labor Market and Improving Competitiveness written by Tim Schwarzmüller and published by . This book was released on 2016 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses an extended version of 'FiMod - A DSGE Model for Fiscal Policy Simulations' (Stähler and Thomas, 2011) with endogenous job destruction decisions by private firms to analyze the effects of several currently discussed labor market reforms on the Spanish economy. The main focus is on the firms' hiring and firing decisions, on the implications for fiscal balances and on Spain's international competitiveness. We find that measures aiming at reducing (policy-induced) outside option of workers, such as a decrease in unemployment benefits, public wages or, to a lesser extent, public-sector employment, seem most beneficial to foster output, employment, international competitiveness and fiscal balances. Decreasing the unions' bargaining power also accomplishes this task, however, at a lower level and at the cost of higher job turnover. Our simulation suggests that reforming employment protection legislation does not seem to be a suitable tool from the perspective of improving international competitiveness. All measures imply (income) redistribution between optimizing and liquidity-constrained consumers. Our analysis also suggests that those reforms that are beneficial for Spain generate positive spillovers to the rest of EMU, too.
Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra
Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
