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Empirical analysis of the relationship between labour cost stickiness and labour reforms in Spain

(c) Accounting & Finance Association of Australia and New Zealand, 2023 http://creativecommons.org/licenses/by/3.0/es/ info:eu-repo/semantics/openAccess ;ISSN: 0810-5391 ;EISSN: 1467-629X ;DOI: 10.1111/acfi.12991

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  • Title:
    Empirical analysis of the relationship between labour cost stickiness and labour reforms in Spain
  • Author: Argilés Bosch, Josep M ; García Blandón, Josep ; Ravenda, Diego
  • Subjects: Dret del treball ; Labor laws and legislation ; Labor policy ; Política laboral
  • Description: This study performs an empirical analysis on the relationship between labour cost stickiness and the decrease in employment protection in the Spanish labour reforms in 2010 and 2012. Following these reforms, the sticky behaviour of labour costs substantially decreased with respect to the pre-reform period. All constituents of total labour costs followed a similar pattern: wages, social security contributions and number of employees. Results are robust to different models, estimation methods, periods of time, and industries, as well as with respect to endogeneity concerns.
  • Publisher: John Wiley & Sons
  • Creation Date: 2023-04
  • Language: English
  • Identifier: ISSN: 0810-5391
    EISSN: 1467-629X
    DOI: 10.1111/acfi.12991
  • Source: Diposit Digital de la Universitat de Barcelona
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