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 …

-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 …

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

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 …

The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15 percentage points, with roughly …' labor supply or bargaining power differ. Estimation of the curve for Spain indicates that the fall in unemployment since … Spain over this period. We show that the New Keynesian Phillips curve is shifted by immigration if natives' and immigrants …

Despite a rapid decrease in unemployment and strong GDP and employment growth, real wages barely increased in Spain …

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

Employment Protection Legislation widened the definition of fair economic dismissals in Spain. In this paper we look at Labor … Courts has not substantially increased, although it is now less negatively associated with the local unemployment rate than …