The wage dynamics in Spain: evidence from individual data

Victor Montuenga () and Inmaculada García-Mainar

ERSA conference papers from European Regional Science Association

Abstract: In this paper we test the hypothesis of a wage curve against a Phillips curve for Spain within a framework which allos for these both and more general alternatives. To this end, we use data from the European Community Household Panel, which provides micro-information for the period 1994-2001. The results indicate that a partial wage adjustment is at work, as in other European countries, and that the long-run elasticiy of wages to unemployment is close to the 'empirical law of economics' of -0.1

Date: 2011-09
New Economics Papers: this item is included in nep-cba, nep-eec and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa11p585

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