Intergenerational Employment Trends in Spain in Recent Decades

17 Pages Posted: 19 Jun 2020

Date Written: May 25, 2020

Abstract

This article analyses the employment possibilities of the new generations, in comparison with those of previous generations at a similar age. The generational standpoint offers several interesting findings. First, in each age bracket, average real wages received by skilled workers have declined over the generations, while those received by less skilled workers have scarcely changed. Second, when these wage data are combined with the amount of time worked, it is found that in recent times there has been a widespread drop in average annual wages. This decline in annual employment income experienced by the younger generations appears to have a certain cyclical component. Lastly, in terms of job insecurity, the younger generations face a slightly lower temporary employment ratio, but those who continue with temporary contracts suffer a higher degree of turnover. The rate of growth of part-time employment has increased, especially among the younger generations with a low or medium level of education.

Keywords: intergenerational wages, intergenerational income, employment conditions.

JEL Classification: D31, I26, J31, J62, J81.

Suggested Citation

Puente, Sergio and Regil, Ana, Intergenerational Employment Trends in Spain in Recent Decades (May 25, 2020). Banco de Espana Article 16/20, Available at SSRN: https://ssrn.com/abstract=3628344

Sergio Puente (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Ana Regil

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

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