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Intergenerational employment trends in Spain in recent decades

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  • Sergio Puente
  • Ana Regil

Abstract

This article analyses the employment possibilities of the new generations, in comparison with those of previous generations at a similar age. The generational standpoint offers several interesting findings. First, in each age bracket, average real wages received by skilled workers have declined over the generations, while those received by less skilled workers have scarcely changed. Second, when these wage data are combined with the amount of time worked, it is found that in recent times there has been a widespread drop in average annual wages. This decline in annual employment income experienced by the younger generations appears to have a certain cyclical component. Lastly, in terms of job insecurity, the younger generations face a slightly lower temporary employment ratio, but those who continue with temporary contracts suffer a higher degree of turnover. The rate of growth of part-time employment has increased, especially among the younger generations with a low or medium level of education.

Suggested Citation

  • Sergio Puente & Ana Regil, 2020. "Intergenerational employment trends in Spain in recent decades," Economic Bulletin, Banco de España, issue 2/2020.
    • Handle: RePEc:bde:journl:y:2020:i:06:d:aa:n:16
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    References listed on IDEAS

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    1. Sergio Puente & Alejandro Casado, 2016. "Skills mismatch between labour supply and demand in Spain," Economic Bulletin, Banco de España, issue SEP, pages 35-44, September.
    2. Brindusa Anghel & Henrique Basso & Olympia Bover & José María Casado & Laura Hospido & Mario Izquierdo & Ivan A. Kataryniuk & Aitor Lacuesta & José Manuel Montero & Elena Vozmediano, 2018. "Income, consumption and wealth inequality in Spain," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 9(4), pages 351-387, November.
    3. Robert C. Feenstra & Gordon H. Hanson, 1999. "The Impact of Outsourcing and High-Technology Capital on Wages: Estimates For the United States, 1979–1990," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 907-940.
    4. Jacobson, Louis S & LaLonde, Robert J & Sullivan, Daniel G, 1993. "Earnings Losses of Displaced Workers," American Economic Review, American Economic Association, vol. 83(4), pages 685-709, September.
    5. Louis S. Jacobson & Robert J. LaLonde & Daniel G. Sullivan, 1993. "Long-term earnings losses of high-seniority displaced workers," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 17(Nov), pages 2-20.
    6. Acemoglu, Daron & Autor, David, 2011. "Skills, Tasks and Technologies: Implications for Employment and Earnings," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 12, pages 1043-1171, Elsevier.
    7. Olivier Blanchard, 2004. "The Economic Future of Europe," Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 3-26, Fall.
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    Cited by:

    1. Marta Escalonilla & Begoña Cueto & María José Pérez-Villadóniga, 2022. "Is the Millennial Generation Left Behind? Inter-Cohort Labour Income Inequality in a Context of Economic Shock," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 164(1), pages 285-321, November.
    2. M. Àngels Cabasés & Miquel Úbeda, 2022. "Young Women, Employment and Precarity: The Face of Two Periods of Crisis in Spain (2008–2021)," Social Sciences, MDPI, vol. 11(6), pages 1-19, June.

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    More about this item

    Keywords

    intergenerational wages; intergenerational income; employment conditions;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • I26 - Health, Education, and Welfare - - Education - - - Returns to Education
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

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