A Study of the Wages in the Spanish Energy Sector

Francisco Sánchez-Cubo, José Mondéjar-Jiménez, Alejandro García-Pozo and Guillermo Ceballos-Santamaría
Additional contact information
Francisco Sánchez-Cubo: Department of Political Economy and Public Finance, Economic and Business Statistics and Economic Policy, University of Castilla-La Mancha, 16071 Cuenca, Spain
José Mondéjar-Jiménez: Department of Political Economy and Public Finance, Economic and Business Statistics and Economic Policy, University of Castilla-La Mancha, 16071 Cuenca, Spain
Alejandro García-Pozo: Department of Applied Economics (Economic Structure), University of Malaga, 29071 Malaga, Spain
Guillermo Ceballos-Santamaría: Department of Political Economy and Public Finance, Economic and Business Statistics and Economic Policy, University of Castilla-La Mancha, 16071 Cuenca, Spain

Energies, 2021, vol. 14, issue 13, 1-10

Abstract: The role of the energy industry has always been central for one reason or another, being environmentalism the main motive in the last two decades. Therefore, attention and research have been directed in this sense. However, human resources—or human capital—have remained understudied, especially concerning the salaries received. Thus, this study is disruptive as it explored the factors that influence employee remuneration in the energy subsector, using Spain as a case study. For this, the PLS-SEM (Partial Least Squares Structural Equation Modelling) path modelling methodology was used, executing a traditional PLS analysis, bootstrapping and, finally, IPMA (Importance-Performance Analysis). Solid and significant relationships were found among labour conditions, human capital, market and wages, with the relationships between human capital and wages and between human capital and labour conditions being especially relevant. Besides, through IPMA, a series of considerations was made regarding the individual indicators according to their relative importance and performance. Consequently, this paper significantly contributes to the extant literature by analysing the composition of wages in the energy sector, which might allow taking valuable management decisions. Nevertheless, the main limitation of this study lies in the availability of data for Spain and, specifically, for workers in the energy supplying industries.

Keywords: human capital; energy; PLS-SEM; salaries; Spain (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1996-1073/14/13/4023/pdf (application/pdf)
https://www.mdpi.com/1996-1073/14/13/4023/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:14:y:2021:i:13:p:4023-:d:588203

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().