single contract type. Calibrating our model to Spain, we find that unemployment fluctuates 21% more under duality than it … average unemployment rate. In our setup, employment grows gradually in booms, due to matching frictions, whereas the onset of … the dual economy, and therefore decreases volatility. Unfortunately, it also raises unemployment; to avoid this …

Spain has had a serious structural unemployment problem for the last 20 years. This paper argues that the interaction … the evolution of structural unemployment in Spain. Finally, we argue that an increase in the level of equilibrium … of firing costs and job-to-job flows added to changes in unemployment benefits, could provide an explanation for …

This paper studies the effect of labor market reform, in the form of reductions in firing costs and unemployment …

marginal jobs in booms which they cannot commit to maintain in recessions. This time-inconsistency problem casts doubt upon the …

Spain faces the highest unemployment rate among the European Union countries (22.2%), and Portugal the lowest (7 … unemployment insurance seems, after 1989, roughly comparable. In this paper we address this puzzle by providing a systematic …

inequality in Spain from 1988 to 2010. Male earnings inequality was strongly countercyclical: it increased around the 1993 …

In this paper we study first the determinants of unemployment duration distinguishing between exits to temporary and … permanent jobs. Second, we study the determinants of unemployment duration for long-term unemployed, allowing for exits to …

Recent research attempting to understand the behaviour of unemployment, and more generally the labour market itself …