Skip to main content

The Economist:
Ghosts at the feast

28 February 2015

Spain: an array of new players signals yearning for change. ... A new recruit whose academic credentials will impress some voters: Luis Garicano, a professor of ''economics and strategy'' at the London School of Economics. Mr Garicano took a swipe at Podemos's ''lack of sense'' before outlining a programme of pragmatic, workable economic ideas. They included labour reform to restrict the abuse of short-term contracts (massively favoured by employers as a way of avoiding the potential firing costs that permanent staff bring). Instead he would introduce a single contract in which those costs rise slowly and progressively over time. Temporary contracts currently account for 24 percent of jobs. He also wants American- or British-style tax credits to help the large number of Spanish workers who fail to earn the annual minimum salary of 9,080 Euros ($10,300).

This article was published by The Economist on February 28, 2015
Link to article here

Related links
Luis Garicano webpage
Productivity and Innovation Programme webpage

Read more... The Economist