The 2021 labour market reform: A preliminary assessment

The 2021 labour market reform: A preliminary assessment

Fecha: marzo 2022

Rafael Doménech

Labour reform

SEFO, Spanish and International Economic & Financial Outlook, V. 11 N.º 2 (March 2022)

The 2021 labour reform represents a broad social agreement that dissipates some uncertainties over labour relations since the approval of the previous reform in 2012; however, the reform is not sufficiently ambitious to tackle many of the structural problems affecting the Spanish labour market. Preliminary evidence points to some favourable improvement in labour market trends following the reform's implementation, but the coming years will be key to determining its ultimate success.

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