Regional unemployment in Spain: Disparities, business cycle and wage setting

Abstract

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The Level of Wage and Labor Productivity in Hotel Industry: An Analysis

“…Increased productivity can be achieved by minimizing all sorts of costs included in utilizing human resources (do the right thing) and increases the maximum output (do the right thing) (Rajashree, 2013). The results also support previous researches by Hellerstein et al (1999), Van Biesebroeck (2011), Bande et al (2004), Cashell (2004 and Bernhard et al (2013). Furthermore, the estimation results for wage model using 3 SLS method found two variables has the positive and not significant effect on the wage variable, its age variables, and Employment status variable.…”

“…When the wages are high, and then people able to fulfill their needs so that they can devote their concentration on work and they can meet the expected results. The results also support previous research Hellerstein et al (1999), Van Biesebroeck (2011), Bande et al (2004), Cashell (2004 and Bernhard et al (2013).…”

Spanish Regional Unemployment Revisited: The Role of Capital Accumulation

“…Correcting for these biases, they find no support for the assumption of a highly flexible regional labour market in the US. Bande et al (2008Bande et al ( , 2010b show that the evolution of regional disparities in Spain is associated with significant imitation effects in wage bargaining. They find that usually the less productive sectors in the less productive regions link their wage growth to that prevailing in the most productive sectors of the most productive regions.…”

“…Among the new concerns, the increase in the degree of regional unemployment disparities has been the focus of an increasing body of literature (see inter alia Blanchard and Katz, 1992, Taylor and Bradley, 1997, Jimeno and Bentolila, 1998, or Bande et al, 2008). While the existence of disparities in the regional unemployment rates has important repercussions, from an economic policy and welfare perspective, the dominant paradigm in the literature has not dealt with this issue.…”

“…However, empirical evidence shows that disparities not only do not vanish in the medium/long run, but that they can be highly persistent, or, even worse, they can increase dramatically through time (see Limosani, 2004, for the Italian case, and Bande et al, 2008, for the Spanish case). Consequently, several authors have tried to explain regional disparities through various approaches and theories.…”