More alike than different: the Spanish and Irish labour markets before and after the crisis
Autor/a
Agnese, Pablo
Salvador, Pablo F.
Fecha de publicación
2012ISSN
2193-9012
Resumen
Spain and Ireland might seem at first to feature very different labour markets, which go from very tight to very flexible labour conditions. Our analysis, however, goes beyond this simplistic argument and brings to light some important similarities. For this purpose, we estimate a dynamic multi-equation structural model for each country and offer two sets of dynamic simulations that account for the swings of the unemployment rates before and after the 2007 crisis. Our results suggest looking beyond the degree of flexibility in both labour markets and focusing instead on other variables usually neglected by more conventional approaches. In particular, such variables as the growth of capital stock, the growth of labour productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries.
Tipo de documento
Artículo
Versión del documento
Versión publicada
Lengua
Inglés
Materias (CDU)
33 - Economía
Palabras clave
Economia
Economía
Economy
Páginas
24
Publicado por
Springer Nature
Colección
1
Publicado en
IZA Journal of European Labor Studies
Citación
Agnese, Pablo; Salvador, Pablo F. More alike than different: the Spanish and Irish labour markets before and after the crisis. IZA Journal of European Labor Studies, 2012, 1, 9. Disponible en: <https://izajoels.springeropen.com/articles/10.1186/2193-9012-1-9>. Fecha de acceso: 26 feb. 2024. DOI: 10.1186/2193-9012-1-9
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