Calendar effects in daily aggregate employment creation and destruction in Spain

• Published in: SERIEs : journal of the Spanish Economic Association Vol. 10; no. 1; pp. 25 - 63
• Main Authors: Conde-Ruiz, J. Ignacio, García, Manu, Puch, Luis, Ruiz, Jesús
• Format: Journal Article
• Language: English
• Published: Heidelberg Springer 01.03.2019; Springer Berlin Heidelberg; Springer Nature B.V; SpringerOpen
• Subjects: Business cycle fluctuations; Calendar effects; Calendars; Destruction; Economic analysis; Economic Policy; Economic recovery; Economic theory; Economic Theory/Quantitative Economics/Mathematical Methods; Economics; Economics and Finance; Employment; Employment flows; Fixed-term contracts; Growth rate; Job creation; Labor contracts; Labor market; Microeconomics; Occupations; Original Article; Public Finance; Regime shifts; Sectoral composition; Social security; Time series; Spain; Business cycle fluctuations; Calendar effects; C22; E24; Sectoral composition; J23; Fixed-term contracts; Employment flows; Regime shifts

In this paper, we discuss the time series properties of a novel daily series of aggregate employment creation and destruction as registered by the Social Security in Spain. We focus on the period of economic recovery after the 2012 Labour Market Reform. Our concern for high-frequency data is motivat...