01987cas a2200253 a 4500 AALejournalIMF016172 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513526874 1018-5941 BD-DhAAL BD-DhAAL Stepanyan, Ara. Distributional Implications of Labor Market Reforms : Learning from Spain's Experience / Ara Stepanyan, Jorge Salas. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage flexibility, which helped the Spanish economy to regain competitiveness and create jobs. But the impact of these labor reforms on income inequality and social inclusion has not been analyzed much. This paper aims to shed light on this issue by employing an econometric decomposition procedure combined with the synthetic control method. The results indicate that the 2012 labor reforms have helped improve employment and income equality outcomes with no substantial impact on the overall risk of poverty. Nevertheless, the reforms appear to have induced a deterioration of average hours worked, in-work poverty, and possibly also of involuntary part-time employment. Mode of access: Internet Salas, Jorge. IMF Working Papers; Working Paper ; No. 2020/029 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/029/001.2020.issue-029-en.xml IMF e-Library