Resumen de Unions, wages and productivity: The Spanish Case, 1981–2000
Blanca Sánchez-Robles Rute, Mercedes Nuria Sánchez Sánchez
The labor market is a crucial institution in any economy. It supplies firms with one of the inputs in the production process, labor. Moreover, it allows potential employees to find a job in accord with their preferences and skills. The smooth functioning of the labor market is thus a key piece in order for economic resources to be allocated efficiently. The performance of the labor market has also implications for relevant macroeconomic variables such as productivity, the unemployment rate or inflation.
