2026-04-17T20:13:48Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/2055202025-12-05T05:48:33Zcom_2072_1057col_2072_478808col_2072_478917
RECERCAT
author
López-Tamayo, Jordi
author
Ramos Lobo, Raúl
author
Royuela Mora, Vicente
2024-01-11T17:18:45Z2024-10-11T05:10:08Z2023-04-122024-01-11T17:18:45Z
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.
(c) Regional Studies Association, 2023 info:eu-repo/semantics/openAccess
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
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion