An endogenous switching model of ex ante wage changes under indexed and nonindexed settlements is estimated for the Spanish manufacturing sector using collective bargaining firm data for the 1984-91 period. The likelihood of indexing the settlement is higher for nationwide unions than for other...

The paper explores the incentive effects of retirement income transfers – essentially, non-contributory cash transfers aimed at reducing poverty among the elderly. A literature review reveals how little academic analysis of the impact of these transfers has been completed. We begin with a...

J21, J22, R23 </AbstractSection> Copyright Jimenez-Martin and Castello; licensee Springer. 2013

This paper studies price determination in pharmaceutical markets using data for 25 countries, six years and a comprehensive list of products from the MIDAS IMS database. We show that market power and the quality of the product has a significantly positive impact of prices. The nationality of the...

We test the hypothesis that exits from the labor market for pre-retirement individuals in Spain respond mainly to economic conditions and to incentives by analyzing two effects. First, we test the existence of spillover effects from a reform of the old-age pension system on transitions from...