2026-04-14T08:44:39Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/2055202025-12-05T05:48:33Zcom_2072_1057col_2072_478808col_2072_478917

00925njm 22002777a 4500 dc López-Tamayo, Jordi author Ramos Lobo, Raúl author Royuela Mora, Vicente author 2024-01-11T17:18:45Z 2024-10-11T05:10:08Z 2023-04-12 2024-01-11T17:18:45Z The Spanish economy is characterized by significant and persistent regional disparities. The Great Recession caused a severe economic downturn, marked by declining wages and rising unemployment, influenced by the internal wage devaluation policies. We investigate the relationship between wage flexibility and regional labour market resilience. We estimate a spatial panel wage curve using microdata from social security records for the period 2002-19 using geographical and time weighted regression techniques. Our findings reveal that regions with higher wage flexibility exhibit higher resilience recovery indices, highlighting the importance of wage flexibility as a short-term adjustment mechanism in response to labour market shocks. Gestió de personal Resiliència (Tret de la personalitat) Mercat de treball Personnel management Resilience (Personality trait) Labor market Wage flexibility and employment resilience in the Spanish labour market over the Great Recession