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Gross Worker Flows: How Does the Spanish Evidence Fit the Stylized Facts?
Author(s) -
Antoln P.
Publication year - 1999
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/1467-9914.00106
Subject(s) - stylized fact , economics , unemployment , labour economics , business cycle , dual (grammatical number) , macroeconomics , literature , art
This paper examines the Spanish gross worker flows. Unemployment inflows are counter‐cyclical while outflows are acyclical. Changes introduced in the Spanish labour market have increased the magnitude and variability of both flows, in particular the inflows, without affecting the acyclical behaviour of the outflows. Engagements and flows into employment from non‐employment are pro‐cyclical. Separations are acyclical, while flows out of employment to non‐employment are counter‐cyclical. So, job‐to‐job movements have to be pro‐cyclical. Engagements and separations have responded positively to a wider variety of contractual forms. The Spanish evidence seems to be reasonably explained by the existence of a dual labour market between workers under permanent and fixed‐term job contracts.