” dismissal ultimately being ruled as “unfair”, which may increase firing costs significantly. In 2010 and 2012, reforms of …-trial conciliations, congestion of Labor Courts) which may determine the selection of dismissal cases ruled by Labor Courts. Our results … Courts has not substantially increased, although it is now less negatively associated with the local unemployment rate than …

By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … the Great Recession a 1 percentage point increase in the unemployment rate was related to a strong drop in household … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that …

-Pissarides economy with firm-specific productivity shocks. Our main theoretical results are twofold. First, unemployment is lower under … firm-level bargaining Second, introducing efficient opting-out of sector-level agreements suffices to bring unemployment … unemployment rate is about 5 percentage points lower under firm-level bargaining or efficient opting out than under sector …

Since the start of the Great Recession the unemployment rate in Spain has risen by almost 18 percentage points. The … unemployment crisis is affecting all population groups, including the more highly educated; but it is even more acute for the … foreign population, whose unemployment rate is close to 40%. This situation follows a period of very high immigration flows …

by a host of aggregate and sector-specific factors, including unemployment rates and the sectoral coverage of trade union …

We test the Barro-Gordon model extended to allow for persistence in unemployment. First, we build an index of central … results show, as theory predicts, a robust negative relationship between the degree of independence and the level and variance …

potential equilibria, the unemployment rates of the different types of workers, the degree of wage inequality, and the response …