Improving the Functioning of the Spanish Labour Market- Why the 2010 and 2011 Reforms werw not yet Sufficient

• Autores: Anita Wölfl, Juan S. Mora Sanguinetti
• Localización: Moneda y crédito, ISSN 0026-959X, Nº 234, 2012, págs. 129-169
• Idioma: inglés
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• Resumen

  • After steady employment growth since the 1990s , Spain has experiences the sharpest increase in unemployment among OECD countries during the crisis, amplified by structural problems of the labour market. In 2010 and 2011, the Spanish goverment introduced several reforms aiming at improving the functioning of the labour market. While these legislations werw seen as promising steps, the analysis in this paper points to several reasons why these reforms were nor yet fully effective and that more was need to be done in each of the main areas that are underlying the structural problems of the labour market: employment protection legislation, collective bargaining, acess to education and continous training for the young and the low-skilled, and the matching of workers to jobs. Beyond pure labour market effects, more effective labour market reforms are also important to help correct the macroeconomic imbalances in the Spanish economy. Avenues of how to go further are proposed.