Labor markets, productivity, and the Spanish economy: insights from the 2024 BdE–CEMFI–UIMP conference
Nezih Guner & Juan F. Jimeno
What the paper says
Understanding the persistent structural challenges of the Spanish economy requires careful attention to two deeply intertwined domains: the functioning of labor markets and the drivers of productivity growth.Spain has long grappled with a highly segmented labor market, characterized by duality between temporary and permanent contracts, high unemployment, and low job mobility.1 At the same time, despite periods of strong employment growth, labor and total factor productivity have lagged behind those of most advanced economies, reflecting weak investment in intangible capital, limited technological diffusion, and a production structure biased toward traditional, low-productivity sectors.These issues have become even more salient in the aftermath of the COVID-19 pandemic and the energy crisis, as firms and workers adjust to new patterns of demand, digitalization, and demographic change.2 This special issue of SERIEs brings together four contributions presented at the 2024 Banco de Espaa-CEMFI-UIMP Conference on the Spanish Economy, held in Santander on July 4-5, 2024.Collectively, these papers provide fresh evidence on the dynamics of Spanish labor markets and productivity.They draw new firm-level data, novel empirical approaches, and international comparisons to shed light on the sources of wage-setting power, labor shortages, business dynamism, and technological progress.Two articles in this volume focus on labor markets.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.