Skilled and Unskilled Employment in a Spanish Business Cycle Model

Rafael Muñoz
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Rafael Muñoz: UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES)

No 1999003, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: We analyze to what extent skill heterogeneity in the labor market with different wage formation mechanisms can explain the features of the Spanish labor market. The model assumes two types of workers with differences in skills. Skilled labor sets wages in an efficiency way while unskilled labor does it through a union. We calibrate the model with Spanish data and assess it to account for differences in the labor market among skilled and unskilled workers.

Keywords: Efficiency wage; unions; skilled-unskilled labor; business cycles (search for similar items in EconPapers)
JEL-codes: E24 E32 J41 J51 (search for similar items in EconPapers)
Pages: 21
Date: 1999-01-01
New Economics Papers: this item is included in nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:1999003

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