The 2012 Labour Market Reform in Spain

The 2012 Labour Market Reform in Spain

A Preliminary Assessment You do not have access to this content

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Author(s):
OECD
18 June 2014
Pages:
76
ISBN:
9789264213586 (PDF) ;9789264213999(print)
DOI: 
10.1787/9789264213586-en

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This report provides an initial evaluation of the comprehensive reform of the Spanish labour market undertaken in 2012. It describes the key components of the 2012 reform and places them in the context of the evolution of labour market institutions in other OECD member countries, with a particular focus on collective bargaining and employment protection legislation. The report also assesses the impact of the reform on the ability of firms to adjust wages and working time to cope with demand shocks, as well as the flows in the labour market for different types of contracts and the overall duality of the Spanish labour market. It also considers what complementary reforms would be required to improve the effectiveness of the labour market reform, in particular in the area of active labour market policies.

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Table of Contents

Executive summary 6
Introduction 9
1. Key components of the 2012 reform 10
2. The labour market reform in international perspective 12
-2.1. Collective bargaining 13
-2.2. Employment protection legislation 18
3. The labour market impact of the 2012 reform 24
-3.1. Labour costs 26
-3.2. Changes in the worker flows 29
-3.3. Simulating the long-run impact of the 2012 reform on productivity and economic growth 40
4. Interactions with other policies 41
5. Conclusions and recommendations 45
References 49
Annex. Empirical framework and detailed estimation results  53

 
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