TY - JOUR
T1 - Empirical analysis of the relationship between labour cost stickiness and labour reforms in Spain
AU - Argilés-Bosch, Josep Mª
AU - Garcia-Blandón, Josep
AU - Ravenda, Diego
N1 - Publisher Copyright:
© 2022 The Authors. Accounting & Finance published by John Wiley & Sons Australia, Ltd on behalf of Accounting and Finance Association of Australia and New Zealand.
PY - 2023/4
Y1 - 2023/4
N2 - This study performs an empirical analysis on the relationship between labour cost stickiness and the decrease in employment protection in the Spanish labour reforms in 2010 and 2012. Following these reforms, the sticky behaviour of labour costs substantially decreased with respect to the pre-reform period. All constituents of total labour costs followed a similar pattern: wages, social security contributions and number of employees. Results are robust to different models, estimation methods, periods of time, and industries, as well as with respect to endogeneity concerns.
AB - This study performs an empirical analysis on the relationship between labour cost stickiness and the decrease in employment protection in the Spanish labour reforms in 2010 and 2012. Following these reforms, the sticky behaviour of labour costs substantially decreased with respect to the pre-reform period. All constituents of total labour costs followed a similar pattern: wages, social security contributions and number of employees. Results are robust to different models, estimation methods, periods of time, and industries, as well as with respect to endogeneity concerns.
KW - cost stickiness
KW - employment protection legislation
KW - labour cost stickiness
KW - labour reform
UR - http://www.scopus.com/inward/record.url?scp=85135153420&partnerID=8YFLogxK
U2 - 10.1111/acfi.12991
DO - 10.1111/acfi.12991
M3 - Article
AN - SCOPUS:85135153420
SN - 0810-5391
JO - Accounting and Finance
JF - Accounting and Finance
ER -
