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This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … contracts and the less restrictive rules regarding the use of the latter contracts in Spain. Using a calibrated search and …
Persistent link: https://www.econbiz.de/10013135650
This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide, namely the Spanish case. We show how a dual market, with permanent and temporary employees makes real reform much harder, and leads to purely marginal changes that do not alter...
Persistent link: https://www.econbiz.de/10013117400
We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked …
Persistent link: https://www.econbiz.de/10013071423
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects …
Persistent link: https://www.econbiz.de/10012962262