Employment in Spanish regionsCost control or growth-enhancing policies?

  1. Roberto Bande
  2. Marika Karanassou
  3. Héctor Sala
Revista:
Documentos de Traballo. Análise Económica

ISSN: 1138-0713

Ano de publicación: 2018

Número: 66

Páxinas: 1-29

Tipo: Documento de traballo

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Outras publicacións en: Documentos de Traballo. Análise Económica

Resumo

After the Great Financial Crisis, regional disparities in Spanish unemployment remain. Since generic labour market reforms have been fruitless on their attenuation, we explore whether Spanish regions react differently to key drivers of employment and wage setting. We find that low income regions are more reactive to a growth strategy based on estimulating investment, while the high income ones are more sensitive to a strategy that keeps unit labour costs low. Our results call for more region-specific policies and discard standard labour market reforms as a unique tool to manage the unemployment rate problem

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Fonte de datos: Dialnet