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http://hdl.handle.net/2445/205520
Title: | Wage flexibility and employment resilience in the Spanish labour market over the Great Recession |
Author: | López-Tamayo, Jordi Ramos Lobo, Raúl Royuela Mora, Vicente |
Keywords: | Gestió de personal Resiliència (Tret de la personalitat) Mercat de treball Personnel management Resilience (Personality trait) Labor market |
Issue Date: | 12-Apr-2023 |
Publisher: | Routledge |
Abstract: | The Spanish economy is characterized by significant and persistent regional disparities. The Great Recession caused a severe economic downturn, marked by declining wages and rising unemployment, influenced by the internal wage devaluation policies. We investigate the relationship between wage flexibility and regional labour market resilience. We estimate a spatial panel wage curve using microdata from social security records for the period 2002-19 using geographical and time weighted regression techniques. Our findings reveal that regions with higher wage flexibility exhibit higher resilience recovery indices, highlighting the importance of wage flexibility as a short-term adjustment mechanism in response to labour market shocks. |
Note: | Versió postprint del document publicat a: https://doi.org/10.1080/00343404.2023.2179613 |
It is part of: | Regional Studies, 2023, vol. 57, num.12, p. 2443-2456 |
URI: | http://hdl.handle.net/2445/205520 |
Related resource: | https://doi.org/10.1080/00343404.2023.2179613 |
ISSN: | 0034-3404 |
Appears in Collections: | Articles publicats en revistes (Econometria, Estadística i Economia Aplicada) |
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Document embargat fins el 11-10-2024
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