Spain has been confronted with weak wage and productivity growth for several decades. This report analyses the sources of weak and productivity growth and puts forward concrete policy recommendations for reviving broadly shared productivity growth. The report is structured as follows. Chapter 1 provides an overview of the key messages. Chapter 2 documents the decline in broadly shared productivity growth and its underlying mechanisms and discusses of how policies can enhance the adaptability of the economy and labour market to structural change. Chapter 3 provides an in-depth discussion of the role of selected labour market policies for promoting broadly shared productivity gains. The emphasis is on wage‑setting institutions, employment protection and job retention support consistent with the focus of recent reforms.
Reviving Broadly Shared Productivity Growth in Spain
