Author
Víctor M. Montuenga-Gómez
Bio: Víctor M. Montuenga-Gómez is an academic researcher from University of Zaragoza. The author has contributed to research in topics: Wage & Unemployment. The author has an hindex of 3, co-authored 3 publications receiving 29 citations.
Papers
More filters
TL;DR: In this article, the authors analyse the relationship between over-qualification and various dimensions of job satisfaction in Spain, a country characterised by a strongly-segmented labour market with high unemployment levels, and a significant number of mismatched employees.
Abstract: The spread of over-qualification is a consequence of individuals having acquired more credentials than required at the workplace. In some cases, it may be that this mismatch plays a role in allowing workers to compensate for the lack of some other skills, to escape from unemployment, or to achieve job stability in the labour market. Consequently, workers may feel no less satisfied, at least in some aspects, than adequately-matched workers. The aim of this paper is to analyse the relationship between over-qualification and the various dimensions of job satisfaction in Spain, a country characterised by a strongly-segmented labour market with high unemployment levels, and a significant number of mismatched employees. Using micro data for a representative sample of Spanish workers, we carry out simultaneous maximum likelihood estimations on a two-equation system to control for potential endogeneity. The results obtained provide evidence that does not reject the hypothesis that mismatched workers do not necessarily feel less satisfied than adequately-matched workers in the dimensions of job satisfaction related to extrinsic domains or social relations.
17 citations
Posted Content•
TL;DR: In this article, the authors test the hypothesis of a wage curve against a Phillips curve for Spain, within a dynamic framework that allows for both of these, and for more general alternatives.
Abstract: In this paper, we test the hypothesis of a wage curve against a Phillips
curve for Spain, within a dynamic framework that allows for both of these, and for
more general alternatives. To this end, we use data from the European Community
Household Panel, providing micro-information for the period 1994-2001. The results
indicate that, contrary to the situation in other European countries, the wage
adjustment occurs in just one period, with the elasticity of wages to unemployment
being close to the «empirical law of economics» of –0.1.
10 citations
TL;DR: In this article, the authors argue that the differences in the estimates obtained by Jordahl et al. have been generated not only because the sensitivity of HT estimators to the choice of instrumental variables, but also to the estimation metholology followed by them, in which rarely changing variables are considered to be time-varying.
5 citations
Cited by
More filters
Posted Content•
TL;DR: This paper showed that there is a strong statistical correlation between rates of pay and local unemployment, although the interpretation of this correlation remains unresolved, and provided some further evidence on the nature of the wage curve relationship in the United States.
Abstract: In The Wage Qurve, David G. Blancflower and Andrew J. Oswald argue that there is a fundamental negative relation between wages and the unemployment rate in a worker's local labor market. Blancflower and Oswald use large-scale micro data sets to estimate this relation for the United States, Britain, and 10 other countries. I review their empirical methods and findings, and provide some further evidence on the nature of the wage curve relationship in the United States. I conclude that there is a strong statistical correlation between rates of pay and local unemployment, although the interpretation of this correlation remains unresolved.
335 citations
Posted Content•
TL;DR: This paper conducted a wide-ranging investigation of the post-war U.S. Phillips correlations and Phillips curve and found that a strikingly stable negative correlation exists over the business cycle, and recent theory indicates the Lucas-Sargent critique may not be empirically relevant.
Abstract: In 1958, A.W. Phillips discovered a strong negative correlation between inflation and unemployment in United Kingdom data. Continuing controversy surrounds the long-run trade-off suggested by a curve he drew through these observations. We conduct a wide-ranging investigation of the post-war U.S. Phillips correlations and Phillips curve. Many economists view the Phillips correlations as chimerical, given the rise in both inflation and unemployment during the 197Os, and the Phillips curve as plagued by subtle identification difficulties raised by Lucas and Sargent. Yet, a strikingly stable negative correlation exists over the business cycle, and recent theory indicates the Lucas-Sargent critique may not be empirically relevant. When we estimate the long-run trade-off as Gordon and Solow did, we find it is roughly one-for-one. This traditional Keynesian identification also makes business cycles entirely due to demand shocks. However, the Gordon-Solow model is not the only one that fits the data well. Alternative identifications lead to much more modest effects of demand on business cycles and essentially negligible long-run trade-offs. *We have received many constructive comments on this paper: we particularly thank Charles Evans, Robert J. Gordon, Bennett McCallum, and Charles Plosser. Support was provided by the National Science Foundation via grant NSF-91-22463.
288 citations
TL;DR: Ammermuller et al. as mentioned in this paper investigated the functioning of regional labour markets in Italy and Germany for different employee groups and regions, and derived theoretical hypotheses on group-specific correlations between regional unemployment and individual wages distinguishing between regions.
Abstract: Ammermuller A., Lucifora C., Origo F. and Zwick T. Wage flexibility in regional labour markets: evidence from Italy and Germany, Regional Studies. This paper investigates the functioning of regional labour markets in Italy and Germany for different employee groups and regions. It derives theoretical hypotheses on group-specific correlations between regional unemployment and individual wages distinguishing between regions. Using micro-data matched to local unemployment rates, wage equations are specified and empirically tested. For Italy, no evidence is found in favour of a relationship between wages and local unemployment. In Germany, results appear to be sensitive to model specification and type of employees. In both countries, the reaction of wages to local unemployment varies significantly along the wage distribution, being more sensitive around median quantiles. Ammermuller A., Lucifora C., Origo F. et Zwick T. La flexibilite des salaires dans les marches du travail regionaux: des preuves provenant de...
38 citations
Posted Content•
01 Jan 2009
TL;DR: In this paper, the diffusion of citizen participation in local governments through the analysis of experiences in OECD and MERCOSUR countries is analyzed and the authors argue that citizen participation represents the interest of governments in changing either public sector management or the perceived image of government and explore whether the administrative culture and other variables contribute to explaining the differences between initiatives.
Abstract: Nowadays, there is an imperative for governments to be more responsive to community needs and public sector modernization programmes are introducing opportunities for citizen participation. This paper seeks to analyse the diffusion of these initiatives in local governments through the analysis of experiences in OECD and MERCOSUR countries. This paper argues that citizen participation represents the interest of governments in changing either public sector management or the perceived image of government. We also explore whether the administrative culture and other variables contribute to explaining the differences between initiatives. Our results indicate that the search for legitimacy is the rationale to explain the implementation of citizen participation.
33 citations
TL;DR: Livanos et al. as discussed by the authors examined the relationship between individual wages and regional unemployment in Greece and found a wage curve elasticity of close to − 0.1, which corresponds to evidence from many counties.
Abstract: Livanos I. The wage–local unemployment relationship in a highly regulated labour market: Greece, Regional Studies. Using data obtained from 80 000 employees, this paper examines the relationship between individual wages and regional unemployment in Greece. The findings highlight the dynamics of the local labour markets in a case such as Greece, where the Organisation for Economic Co-operation and Development (OECD) claims that wage flexibility is limited. This study does not find evidence that wages in Greece are rigid, but finds a wage curve elasticity of close to − 0.1, which corresponds to evidence from many counties. Interestingly, graduates are found to be the most responsive group of workers to the behaviour of local labour markets. Livanos I. Le rapport salaire-chomage local dans un marche du travail extremement reglemente: la Grece, Regional Studies. A partir des donnees provenant de 80.000 salaries, cet article cherche a examiner le rapport entre les salaires des individus et le chomage regional ...
30 citations