Unit 5: LA

Apuntes

Unit 5: LABOUR MARKET 1 Spanish Economy Degree in Business Administration and Management Academic year 2020-2021 Labour market indicators 5.1 Introduction 5.2 Basic features and evolution of the Spanish labour market 5.3 Factors that explain unemployment in the Spanish economy 5.4 Impact of COVID-19 References: García Brosa, G. y Sanromà, E. (2023) Mercado de trabajo, en Delgado, J.L. y Myro, R., Lecciones de Economía Española, Ed. Thomson Reuters-Civitas Aranzadi. Madrid, 17ª ed. Cap. 12 LABOUR MARKET INDICATORS Potential labour force (PLF) Any person aged 16 years and over. It can be defined for any age group. It is the sum of active population (AP) and inactive population (IP) PLF=AP+IP *For the years before 2002, you have to take into account the population counted separately (PCS, males who are engaged in compulsory military service or a civilian alternative service) PLF=AP+IP+PCS LABOUR MARKET INDICATORS Active population, labour force or labour supply (AP) Any person aged 16 years and over who furnish the supply of labour for the production of goods and services or who are available and are taking steps to join said production process. This concept therefore includes: • Empl...