Salarios Reales, Desempleo Y Productividad En España (Real Wages, Unemployment and Productivity in Spain)

Cuadernos de Economía, Vol. 33, No. 63, pp.447-468, 2014

22 Pages Posted: 29 Apr 2015

See all articles by José Aixalá

José Aixalá

University of Zaragoza - Department of Economic Analysis

Carmen Pelet

University of Zaragoza - Faculty of Social Sciences and Work

Date Written: August 29, 2014

Abstract

Spanish Abstract: Este artículo estudia la relación entre los salarios reales y sus determinantes en la economía española durante el período 1980-2000, mediante la técnica de análisis de series temporales. Nuestro objetivo es analizar en qué medida la evolución de los salarios está influida por los desajustes del mercado de trabajo, medidos por la tasa de desempleo, así como por variables de negociación, como la productividad. Los resultados muestran un nulo efecto del desempleo sobre la evolución de los salarios reales, los cuales crecen de acuerdo con los incrementos de la productividad con una elasticidad positiva, aunque inferior a la unidad.

English Abstract: This paper studies the relationship between real wages and their determinants in the Spanish economy during the period 1980-2000 by means of the time series methodology. Our aim is to analyze to what extent the evolution of wages is influenced by the disequilibrium in the labour market, measured by the unemployment rate, as well as by bargaining variables such as productivity. The results show that there is no effect of unemployment on the evolution of real wages, which rise according to increases in productivity, with a value of the elasticity less than one.

Note: Downloadable document is in Spanish.

Keywords: Real wages, unemployment, productivity, institutional framework, time series.

JEL Classification: J31, J59, J69.

Suggested Citation

Aixalá, José and Pelet, Carmen, Salarios Reales, Desempleo Y Productividad En España (Real Wages, Unemployment and Productivity in Spain) (August 29, 2014). Cuadernos de Economía, Vol. 33, No. 63, pp.447-468, 2014 . Available at SSRN: https://ssrn.com/abstract=2599814

José Aixalá (Contact Author)

University of Zaragoza - Department of Economic Analysis ( email )

50005 Zaragoza
Spain

Carmen Pelet

University of Zaragoza - Faculty of Social Sciences and Work ( email )

Violante de Hugría, 23
Zaragoza, Zaragoza 50009
Spain

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