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Estabilidad en el empleo, flexibilidad de los salarios reales y perturbaciones de demanda y de oferta en el mercado de trabajo

Author

Listed:
  • Mª José Gutiérrez

    (Dpto. de Fundamentos del Análisis Económico e Instituto de Economía Pública. Universidad del País Vasco)

  • Jesús Vázquez

    (Dpto. de Fundamentos del Análisis Económico. Universidad del Pais Vasco)

Abstract

This study analyzes the importance of salary flexibility as an instrument to ensure more job stability in a time when the job market may be shaken both by productivity shocks and by other shocks in preferences. In general, the results obtained confirm our initial intuition in that job stability is greater in cases of salary flexibility than in cases of salary rigidity, because, in this last instance, employment is to absorb all shock-related adjustments, whereas in the first situation the adjustment is absorbed both by salaries and employment.

Suggested Citation

  • Mª José Gutiérrez & Jesús Vázquez, 1995. "Estabilidad en el empleo, flexibilidad de los salarios reales y perturbaciones de demanda y de oferta en el mercado de trabajo," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 31(01-02), pages 292-309.
    • Handle: RePEc:ekz:ekonoz:1995113
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    More about this item

    Keywords

    Mercado de trabajo; flexibilidad salarial; estabilidad en el empleo;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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