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El impacto de los costes de despido sobre el empleo en España: Una estimación con datos de panel/Impact Of Firing Costs On The Spanish Employment: A Panel Data Estimation

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  • MARTÍNEZ MATUTE, MARTA

    ()
    (Departamento de Fundamentos del Análisis Económico e Historia e Instituciones Económicas, UNIVERSIDAD DE VALLADOLID, ESPAÑA.)

  • PEREZ DOMINGUEZ, CARLOS

    ()
    (Departamento de Fundamentos del Análisis Económico e Historia e Instituciones Económicas, UNIVERSIDAD DE VALLADOLID, ESPAÑA.)

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    Abstract

    En este trabajo se analiza el efecto de los costes de despido sobre el nivel de empleo de España. A tal fin, se plantea un modelo de demanda de trabajo de dos periodos con incertidumbre. En dicho modelo, la presencia de futuros costes de despido volverá al empresario más cauto a la hora de contratar nuevos trabajadores en el primer periodo, pero el coste asociado al potencial despido futuro hará que la empresa sea más reticente a disminuir la plantilla en el segundo. Por tanto, el impacto global en el empleo resulta ambiguo, lo que dota de especial importancia al trabajo empírico. Este contraste empírico, en nuestro caso, consiste en plantear un panel dinámico regional para el periodo 2005-2011. El principal resultado obtenido de su estimación econométrica es que, en España, unos costes de despido más altos influyen negativamente en el nivel de empleo en el corto plazo, aunque este efecto se difumina y termina por desaparecer con el paso del tiempo. This paper examines the effect of firing costs on the Spanish employment. On the basis of a theoretical model with two periods of time and firing costs, a regional dynamic panel data is estimated for the period 2005-2011. According to this model, two opposite effects take place: on the one hand, the presence of firing cost makes the employer more careful to hire new workers in the first period; but, on the other hand, the firing penalty makes the firm more reluctant to reduce employment in period 2. Then, the global effect of mandatory firing costs remains unclear. The main result obtained in our estimations is that higher firing costs would negatively affect employment in the short run, but in the long run this effect vanishes.

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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 30 (2012)
    Issue (Month): (Abril)
    Pages: 137-162

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    Handle: RePEc:lrk:eeaart:30_1_3

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    Related research

    Keywords: Costes de despido; mercado de trabajo español; legislación sobre despido; panel dinámico ; Firing Costs; Spanish Labor Market; Firing Legislation; Dynamic Panel..;

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    1. Giuseppe Bertola, 1991. "Labor Turnover Costs and Average Labor Demand," NBER Working Papers 3866, National Bureau of Economic Research, Inc.
    2. Bertola, Giuseppe, 1990. "Job security, employment and wages," European Economic Review, Elsevier, vol. 34(4), pages 851-879, June.
    3. Bentolila, S. & Saint-Paul, G., 1995. "A model of labour demand with linear adjustment costs," Labour Economics, Elsevier, vol. 2(1), pages 105-105, March.
    4. R Blundell & Steven Bond, . "Initial conditions and moment restrictions in dynamic panel data model," Economics Papers W14&104., Economics Group, Nuffield College, University of Oxford.
    5. Bentolila, Samuel & Saint-Paul, Gilles, 1992. "The macroeconomic impact of flexible labor contracts, with an application to Spain," European Economic Review, Elsevier, vol. 36(5), pages 1013-1047, June.
    6. Bentolila, Samuel & Bertola, Giuseppe, 1990. "Firing Costs and Labour Demand: How Bad Is Eurosclerosis?," Review of Economic Studies, Wiley Blackwell, vol. 57(3), pages 381-402, July.
    7. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, vol. 58(2), pages 277-97, April.
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