The aim of this paper is to carry out a sectorial causality analysis between prices and unit labour costs for the Spanish regions. In order to achieve our goal, we have developed our own database for the unit labour costs (ULC). It includes data for Spain and five of its regions: Andalusia,...

This work boasts a double objective: not only does it attempt to offer a complete panorama of the matching process in Andalusian public employment agencies (Servicio Andaluz de Empleo, SAE) for both sides of the job market, based on duration analysis, but also to assess the degree to which the...

This paper quantifies the effects of introducing a single open-ended contract for new hires, with increasing severance payments as an alternative to the current situation in Spain, where both temporary and permanent contracts are available. One of the reasons for the excessive job destruction in...

This article proposes empirical tools to account for the role of heterogeneities in search and matching theories applied to labour economics, and shows an application to the Andalusian labour market which relies on individual microdata. Firstly, by considering that the labour market is segmented...

This paper studies the impact of credit rating agency (CRA) downgrade announcements on the value of the Euro and the yields of French, Italian, German and Spanish long-term sovereign bonds during the culmination of the Eurozone debt crisis in 2011-2012.GARCH modeling of sovereign bond yields and...

Work incentives are closely related with production performance. This paper presents evidence that firm level value added increases when the relative labour cost rises, or the level of unemployment increases. Both facts imply evidence in favour of the efficiency wage model. This theory is...

The problem of lack of competitiveness has become one of the main concerns of European governments. This is reflected trough out the Europe 2020 Strategy that includes as key priority the promotion and efficient and productive use of inputs. Differently to other “well-behaved” European...