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Past, present and future of the Spanish labour market: when the pandemic meets the megatrends

Author

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  • Juan J. Dolado
  • Florentino Felgueroso
  • Juan F. Jimeno

Abstract

Purpose - This paper aims to review the experience so far of the Spanish labour market during the Covid-19 crisis in the light of the existing institutions, its performance during past recessions and the policy measures adopted during the pandemic. Emphasis is placed on the role of worldwide trends in labour markets because of automation and artificial intelligence, in shaping a potential recovery of this (hopefully) transitory shock through a big reallocation process of employment and economic activity. It also highlights some innovations to employment and social policies needed to smooth the reallocation process and lessen the rise in inequality associated to technological trends. Design/methodology/approach - Theory and empirics. Findings - The Spanish labour market will subject to a great reallocation shock as a result of Covid-19 and secular technological changes. Reforms need to be undertaken. Originality/value - An overview and some new results.

Suggested Citation

  • Juan J. Dolado & Florentino Felgueroso & Juan F. Jimeno, 2021. "Past, present and future of the Spanish labour market: when the pandemic meets the megatrends," Applied Economic Analysis, Emerald Group Publishing Limited, vol. 29(85), pages 21-41, January.
    • Handle: RePEc:eme:aeapps:aea-11-2020-0154
    DOI: 10.1108/AEA-11-2020-0154
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    References listed on IDEAS

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    1. Juan J. Dolado & Etienne Lalé & Nawid Siassi, 2021. "From dual to unified employment protection: Transition and steady state," Quantitative Economics, Econometric Society, vol. 12(2), pages 547-585, May.
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    Cited by:

    1. Diaz, Antonia & Dolado, Juan J. & Jáñez, Álvaro & Wellschmied, Felix, 2023. "Labour Market Reallocation Effects of COVID-19 Policies in Spain: A Tale of Two Recessions," IZA Discussion Papers 16095, Institute of Labor Economics (IZA).
    2. Porras-Arena, M. Sylvina & Martín-Román, Ángel L. & Dueñas Fernández , Diego & Llorente Heras, Raquel, 2024. "Okun’s Law: The effects of the COVID-19 pandemic and the temporary layoffs procedures (ERTEs) on Spanish regions," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 59, pages 105-125.
    3. Francesco Pastore, 2023. "Covid-19 and the youth-to-adult unemployment gap," IZA World of Labor, Institute of Labor Economics (IZA), pages 500-500, January.
    4. Alexandra M. Espinosa & Ignacio Díaz-Emparanza, 2023. "Assessing the Spanish immigration policy with frequency-wise causality in Hosoya’s sense," Empirical Economics, Springer, vol. 65(1), pages 111-147, July.
    5. Akin A. Cilekoglu, 2023. ""Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters"," IREA Working Papers 202307, University of Barcelona, Research Institute of Applied Economics, revised Jul 2023.
    6. Akin A. Cilekoglu, 2023. "“Labor Market Monopsony and Firm Behavior: Evidence from Spanish Exporters”," AQR Working Papers 202304, University of Barcelona, Regional Quantitative Analysis Group, revised Jul 2023.
    7. Lafuente, Cristina & Ruland, Astrid & Santaeulàlia-Llopis, Raül & Visschers, Ludo, 2023. "The effects of Covid-19 on couples’ job tenures: Mothers have it worse," Labour Economics, Elsevier, vol. 83(C).
    8. Claudia Hupkau & Jenifer Ruiz-Valenzuela, 2022. "Work and children in Spain: challenges and opportunities for equality between men and women," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 13(1), pages 243-268, May.
    9. Sorin-Ciprian Teiusan & Sorin-Constantin Deaconu, 2021. "Artificial Intelligence And Covid-19: An Analysis In Business And Economics," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 144-156, October.

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