We exploit an unanticipated labor market reform in 2012 Spain to estimate the effects of pro-cyclical changes in long …-term unemployment assistance (UA). The reform raised the minimum age to receive unlimited-duration UA from 52 to 55. Using a difference …

and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …

In the early 1970s, hours worked per working-age person in Spain were higher than in the United States. Starting in … 1975, however, hours worked in Spain fell by 40 percent. We find that 80 percent of the decline in hours worked can be … decrease in hours in 1975-1986 and the large increase in hours in 1994-2007. The lack of productivity growth in Spain during …

. We combine administrative data on all firms in Spain with a matched bank-firm-loan dataset on the universe of corporate …

innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …

in Spain to document the existence of a robust, within-firm negative causal relationship between demand-driven changes in … structurally estimated version of this model, we conclude that the firm-level responses to the slump in domestic demand in Spain …