Abstract
This article analyses wage flexibility within the framework of a semiparametric panel data model by using a bi-dimensional nonparametric term in the wage regression. The results point to a high degree of wage rigidity in Spain. However, semiparametric estimation allows us to find an interaction effect involving regional unemployment and productivity when explaining regional wages and, as a result of that, some signs of flexibility in the Spanish labour market.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
