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Past, present and future of the Spanish labour market: when the pandemic meets the megatrends

Author

Listed:
  • Juan J. Dolado
  • Florentino Felgueroso
  • Juan F. Jimeno

Abstract

Purpose - This paper aims to review the experience so far of the Spanish labour market during the Covid-19 crisis in the light of the existing institutions, its performance during past recessions and the policy measures adopted during the pandemic. Emphasis is placed on the role of worldwide trends in labour markets because of automation and artificial intelligence, in shaping a potential recovery of this (hopefully) transitory shock through a big reallocation process of employment and economic activity. It also highlights some innovations to employment and social policies needed to smooth the reallocation process and lessen the rise in inequality associated to technological trends. Design/methodology/approach - Theory and empirics. Findings - The Spanish labour market will subject to a great reallocation shock as a result of Covid-19 and secular technological changes. Reforms need to be undertaken. Originality/value - An overview and some new results.

Suggested Citation

  • Juan J. Dolado & Florentino Felgueroso & Juan F. Jimeno, 2021. "Past, present and future of the Spanish labour market: when the pandemic meets the megatrends," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 29(85), pages 21-41, January.
    • Handle: RePEc:eme:aeapps:aea-11-2020-0154
    DOI: 10.1108/AEA-11-2020-0154
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    Cited by:

    1. Díaz, Antonia & Dolado, Juan J & Jañez, Alvaro & Wellschmied, Felix, 2023. "Labour Market Reallocation Effects of COVID-19 Policies in Spain: A Tale of two Recessions," CEPR Discussion Papers 18135, C.E.P.R. Discussion Papers.
    2. Alexandra M. Espinosa & Ignacio Díaz-Emparanza, 2023. "Assessing the Spanish immigration policy with frequency-wise causality in Hosoya’s sense," Empirical Economics, Springer, vol. 65(1), pages 111-147, July.
    3. Francesco Pastore, 2023. "Covid-19 and the youth-to-adult unemployment gap," World of Labour, LISER, pages 500-500, January.
    4. Brindusa Anghel & Laura Hospido & Julio Ortega & Ana V. Regil, 2024. "To be or not to be (employed): two decades of fluctuating earnings and income inequality in Spain," Fiscal Studies, John Wiley & Sons, vol. 45(3), pages 415-428, September.
    5. CRUCES Hugo & HERNANDEZ Adrian & NARAZANI Edlira, 2024. "Overcoming the Inactivity Trap in Spain: The Work Incentive Reform of the Ingreso Mínimo Vital," JRC Working Papers on Taxation & Structural Reforms 2024-11, Joint Research Centre.
    6. Akin A. Cilekoglu, 2023. "“Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters”," AQR Working Papers 202304, University of Barcelona, Regional Quantitative Analysis Group, revised Jul 2023.
    7. Akin A. Cilekoglu, 2023. ""Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters"," IREA Working Papers 202307, University of Barcelona, Research Institute of Applied Economics, revised Jul 2023.
    8. M. Sylvina Porras-Arena & Ángel L. Martín-Román & Diego Dueñas Fernández & Raquel Llorente Heras, 2024. "Okun’s Law: The effects of the COVID-19 pandemic and the temporary layoffs procedures (ERTEs) on Spanish regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 59, pages 105-125.
    9. Diaz, Antonia & Dolado, Juan J. & Jáñez, Álvaro & Wellschmied, Felix, 2025. "Labor reallocation effects of furlough schemes: Evidence from two recessions in Spain," European Economic Review, Elsevier, vol. 171(C).
    10. Sorin-Ciprian Teiusan & Sorin-Constantin Deaconu, 2021. "Artificial Intelligence And Covid-19: An Analysis In Business And Economics," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 144-156, October.
    11. Antonella Rocca & Claudio Quintano, 2024. "Success Stems from STEM Fields: An Analysis of Italian Graduates," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 10(2), pages 761-793, July.
    12. Claudia Hupkau & Jenifer Ruiz-Valenzuela, 2022. "Work and children in Spain: challenges and opportunities for equality between men and women," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 243-268, May.
    13. Lafuente, Cristina & Ruland, Astrid & Santaeulàlia-Llopis, Raül & Visschers, Ludo, 2023. "The effects of Covid-19 on couples’ job tenures: Mothers have it worse," Labour Economics, Elsevier, vol. 83(C).

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