Labour market

From this page you can access thematically grouped Analytical Articles published in the Economic Bulletin from 1999, ordered by date of dissemination within each year.

  • 18/11/2019
    The household saving rate in Spain between 2007 and 2016: decomposition by population group and possible determinants  File PDF: Opens in a new window (557 KB) Brindusa Anghel, Cristina Barceló and Ernesto Villanueva

    The article quantifies the contributions made by different household groups to the change in the aggregate household saving rate in Spain between 2007 and 2016. Against the backdrop of the last crisis – heightened uncertainty and significant labour market deterioration – the findings show that certain household groups reduced their expenditure over the course of the downturn and then increased it again at the start of the recovery phase. Both these patterns are consistent with the hypothesis of precautionary saving. In particular, between 2007 and 2013, university-educated households and households with lower secondary education at most made a similar contribution to the increase in the saving rate, although the group with the lowest level of education, who are usually poorer, made a relatively higher contribution to the fall in the saving rate in 2013 to 2016. By year of birth, the group aged under 45 in 2007 made the largest contribution to the increase in the saving rate during the downturn. When households are grouped by the tenure status of their main residence, it was observed that homeowners with housing debt outstanding made a particularly high contribution to the increase in the saving rate in 2007 to 2013.

  • 18/06/2019
    Characterisation of self-employment in Spain from a European perspective  File PDF: Opens in a new window (639 KB) Pilar García Perea and Concepción Román

    In Spain, self-employment currently accounts for 16% of those employed, a proportion slightly higher than the EU average. Compared with the prevailing structure among employees, it is males, the over-50s, those with a low level of educational attainment and those employed in traditional sectors such as agriculture, wholesale and retail trade, transport and accommodation who are over-represented in this group. Relative to self-employed workers in the EU, self-employment in Spain accounts for a smaller proportion of the total in the liberal professions in services, generally associated with a higher level of skill. In Spain, the incidence of self-employment economically dependent on a single client is relatively moderate compared with other European countries; but the high incidence of the self-employed who choose to work as such out of necessity, given the lack of alternatives, is notable. Lastly, in all euro area countries, households with a self-employed family head are seen to be wealthier than those with a wage-earning family head, and Spain is in an intermediate position.

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