The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15percentage points, with roughly constant inflation. This change has been more pronouncedthan elsewhere...

Many contributions suggest that earnings instability has increased during the 1980s and1990s. This paper develops and estimates an on-the-job search model of the labor market tostudy the contribution of wage inequality and job mobility in explaining earnings instability. Tostudy the evolution...