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Unemployment as a constraint on labour supply and goods demand in Spain

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  • Inmaculada Garcia
  • Jose Alberto Molina

Abstract

In this paper the implications of unemployment on labour supply and goods demand functions in Spain are analysed during the period 1964-91. To this end, the labour supply and goods demand is jointly modelled using a dynamic linear expenditure system under the condition that labour supply has been rationed due to the increasing number of unemployed in the last three decades. After proof that the model exhibits neither autocorrelation nor dynamic heteroscedasticity problems, it is found that food, beverages and tobacco, gross rent, fuel and power and miscellaneous goods are necessities, while other goods are luxuries. Labour has an expenditure effect below zero. The own-price Marshallian and Hicksian elasticities are negative for consumption goods and positive for labour, and indicate that all consumption goods are price inelastic. Finally, the cross-price values indicate that the goods are complementary.

Suggested Citation

  • Inmaculada Garcia & Jose Alberto Molina, 1996. "Unemployment as a constraint on labour supply and goods demand in Spain," Applied Economics Letters, Taylor & Francis Journals, vol. 3(3), pages 149-153.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:3:p:149-153
    DOI: 10.1080/135048596356555
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    Cited by:

    1. García, Lucia, 2018. "El mercado laboral en España desde la oferta: evolución reciente nacional y regional [Supply labour market in Spain: recent evolution at a national and regional level]," MPRA Paper 85262, University Library of Munich, Germany.
    2. Boldova, Daniel Miguel, 2019. "Efectos económicos de las leyes sobre la estructura familiar: Evidencia internacional del divorcio y la custodia [Economic effects of family structure laws: International evidence of divorce and cu," MPRA Paper 96440, University Library of Munich, Germany.
    3. Lopez Tris, Carlos Javier, 2020. "Evidencia socioeconómica del abandono escolar en Europa [Socioeconomic evidence of early school leaving in Europe]," MPRA Paper 98124, University Library of Munich, Germany.

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