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This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...
Persistent link: https://www.econbiz.de/10013117509
The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly …' labor supply or bargaining power differ. Estimation of the curve for Spain indicates that the fall in unemployment since … Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives' and immigrants …
Persistent link: https://www.econbiz.de/10013316646
This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...
Persistent link: https://www.econbiz.de/10009386357
The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly …’ labor supply or bargaining power differ. Estimation of the curve for Spain indicates that the fall in unemployment since … Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives’ and immigrants …
Persistent link: https://www.econbiz.de/10005765714