Empirical analysis of the relationship between labour cost stickiness and labour reforms in Spain

Josep Mª Argilés-Bosch, Josep Garcia-Blandón, Diego Ravenda

Research output: Indexed journal article Articlepeer-review

2 Citations (Scopus)

Abstract

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.

Original languageEnglish
JournalAccounting and Finance
DOIs
Publication statusAccepted/In press - 2022

Keywords

  • cost stickiness
  • employment protection legislation
  • labour cost stickiness
  • labour reform

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