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The Link Between Wages and Productivity in Spain

Author

Listed:
  • Victor Montuenga-Gomez
  • Melchor Fernandez
  • Andres Romeu

Abstract

This paper examines the effect of productivity on wages for Spanish industrial sectors by developing a model that captures effects from both sector-specific and aggregate variables. The results show that a dual behaviour can be inferred, at the sector level, in the wage-setting mechanism. It is also found that the linkage between wages and productivity varies over time. Some explanations for the increase in wage dispersion are provided, focusing on the increasing decentralisation in wage bargaining after 1986. Finally, we cast some light on the theoretical structure underlying the labour market.

Suggested Citation

  • Victor Montuenga-Gomez & Melchor Fernandez & Andres Romeu, 2007. "The Link Between Wages and Productivity in Spain," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(2), pages 247-272.
  • Handle: RePEc:taf:irapec:v:21:y:2007:i:2:p:247-272 DOI: 10.1080/02692170701189151
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    References listed on IDEAS

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    1. Jonathan Michie & Christine Oughton & Mario Pianta, 2002. "Innovation and the Economy," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(3), pages 253-264.
    2. Marva Corley & Jonathan Michie & Christine Oughton, 2002. "Technology, Growth and Employment," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(3), pages 265-276.
    3. Rinaldo Evangelista & Tore Sandven & Giorgio Sirilli & Keith Smith, 1998. "Measuring Innovation in European Industry," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 5(3), pages 311-333.
    4. Jeroen Hinloopen, 2003. "Innovation performance across Europe," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 12(2), pages 145-161.
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    Citations

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    Cited by:

    1. Tang, Chor Foon, 2010. "A note on the nonlinear wages-productivity nexus for Malaysia," MPRA Paper 24355, University Library of Munich, Germany.
    2. Bande, Roberto & Fernández, Melchor & Montuenga, Víctor, 2008. "Regional unemployment in Spain: Disparities, business cycle and wage setting," Labour Economics, Elsevier, vol. 15(5), pages 885-914, October.
    3. Chor Foon Tang, 2012. "The non-monotonic effect of real wages on labour productivity: New evidence from the manufacturing sector in Malaysia," International Journal of Social Economics, Emerald Group Publishing, vol. 39(6), pages 391-399, May.

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