More alike than different: the Spanish and Irish labour markets before and after the crisis
Visualitza/Obre
Autor/a
Agnese, Pablo
Salvador, Pablo F.
Data de publicació
2012ISSN
2193-9012
Resum
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.
Tipus de document
Article
Versió del document
Versió publicada
Llengua
Anglès
Matèries (CDU)
33 - Economia
Paraules clau
Economia
Economía
Economy
Pàgines
24
Publicat per
Springer Nature
Col·lecció
1
Publicat a
IZA Journal of European Labor Studies
Citació
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
Aquest element apareix en la col·lecció o col·leccions següent(s)
Drets
This article is distributed under the terms of the Creative Commons Attribution 2.0 International License (https://creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Excepte que s'indiqui una altra cosa, la llicència de l'ítem es descriu com https://creativecommons.org/licenses/by/2.0