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Published on Friday, August 25, 2017 | Updated on Friday, August 25, 2017

The effects of wage flexibility on activity and employment in the Spanish economy

Together with Greece, Spain was the European country with the highest unemployment increase during the Great Recession, despite a fall in GDP similar to that in other economies. Objective of this paper: to quantify the macroeconomic effects of the changes in the labour market since 2012.