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The Spanish Labour Market: Reforms and consequences

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  • Jesus Ferreiro
  • Felipe Serrano

Abstract

The institutional design of the Spanish labour market has been subjected, during the last three decades, to permanent pressure fuelled by two beliefs. On the one hand, by the assumption that a higher degree of flexibility would help to reduce unemployment; on the other, by the assumption that such increased flexibility would also help to reduce inflation rates and, consequently, the inflation gap between Spain and the rest of the European countries. The recent history of the Spanish labour market is, therefore, the history of the reforms implemented to increase the flexibility in such a market. The aim of this paper is, firstly, to describe the main features of these reforms, showing the measures implemented in order to increase the flexibility in the labour market and, secondly, to show the degree of flexibility reached in the labour market. Finally, we will briefly analyse the macroeconomic consequences of these reforms.

Suggested Citation

  • Jesus Ferreiro & Felipe Serrano, 2001. "The Spanish Labour Market: Reforms and consequences," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(1), pages 31-53.
    • Handle: RePEc:taf:irapec:v:15:y:2001:i:1:p:31-53
    DOI: 10.1080/02692170120013330
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    References listed on IDEAS

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    1. Juan F. Jimeno & Luis Toharia, 1993. "The effects of fixed-term employment on wages: theory and evidence from Spain," Investigaciones Economicas, Fundación SEPI, vol. 17(3), pages 475-494, September.
    2. Samuel Bentolila & Julio Segura & Luis Toharia, 1991. "La contratación temporal en España," Working Papers wp1991_9111, CEMFI.
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    Cited by:

    1. Jorg Bibow, "undated". "Easy Money Through The Back Door: The Markets Vs. The ECB," Economics Public Policy Brief Archive ppb_65, Levy Economics Institute.
    2. Paulo Marques & Dora Fonseca, 2022. "Understanding the positions taken by moderate union confederations and centre-left parties during labour market reforms in Portugal and Spain: Why the configuration of left parties and trade union con," European Journal of Industrial Relations, , vol. 28(1), pages 65-84, March.
    3. Luisanna Onnis & Patrizio Tirelli, 2010. "Challenging the popular wisdom. New estimates of the unobserved economy," Working Papers 184, University of Milano-Bicocca, Department of Economics, revised Apr 2010.
    4. Beatriz Plaza, 2008. "On Some Challenges and Conditions for the Guggenheim Museum Bilbao to be an Effective Economic Re‐activator," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 32(2), pages 506-517, June.
    5. Jesús Ferreiro & Carmen Gómez, 2008. "Is Wages Policy on the Agenda of Trade Unions Again? Voluntary Wage Moderation in Spain," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 29(1), pages 64-95, February.
    6. Mauricio Zunino, 2012. "Impactos de la reinstauración de los Consejos de Salarios sobre la distribución salarial en Uruguay," Económica, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata, vol. 0, pages 129-167, January-D.
    7. Gamberoni, Elisa & Gradeva, Katerina & Weber, Sebastian, 2016. "Firm responses to employment subsidies: a regression discontinuity approach to the 2012 Spanish labour market reform," Working Paper Series 1970, European Central Bank.
    8. Jesús Ferreiro & Carmen Gómez, 2014. "Implementing a Voluntary Wage Policy: Lessons from the Irish and Spanish Wages Policies before the Crisis," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 61(1), pages 107-127, Februar.
    9. Amaya Altuzarra & Jesús Ferreiro & Catalina Gálvez & Carmen Gómez & Ana González & Patricia Peinado & Carlos Rodríguez & Felipe Serrano, 2013. "Studies in Financial Systems No 6 Report on the Spanish Financial System," FESSUD studies fstudy06, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    10. Amaia Altuzarra & Felipe Serrano, 2010. "Firms' Innovation Activity and Numerical Flexibility," ILR Review, Cornell University, ILR School, vol. 63(2), pages 327-339, January.
    11. Patricia Peinado & Felipe Serrano, 2017. "Unemployment, wages and pensions," International Review of Applied Economics, Taylor & Francis Journals, vol. 31(5), pages 670-680, September.

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