Do Labor Reforms in Spain Have an Effect on the Equilibrium Unemployment Rate ?

@inproceedings{Ramirez2013DoLR,
  title={Do Labor Reforms in Spain Have an Effect on the Equilibrium Unemployment Rate ?},
  author={Dionisio Ramirez and Gabriel Rodr{\'i}guez},
  year={2013}
}
In this paper, we analyze the impact of several labor reforms in Spain on its equilibrium unemployment rate. To this end, we analyzed the behavior of the observed unemployment rate in Spain during the 1976-2012 period, thereby assessing whether that rate is better characterized as a hysteresis process or, on the contrary, as a stationary process with fluctuations around an equilibrium unemployment rate (NAIRU). In order to achieve this aim, we employed unit root contrasts with structural change… CONTINUE READING

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