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 a … the dual economy, and therefore decreases volatility. Unfortunately, it also raises unemployment; to avoid this …

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

Unemployment in Europe is not only “too high”, it is also too different across countries that belong to a monetary … indications as to the appropriate set of policies to reduce unemployment and labour market disparities. Our analysis suggests that … interactions. We also propose a change in the European policy approach for fighting unemployment …

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 …

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 …

-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 …

We firstly measure the contribution of worker flows across employment, unemployment, and non-participation to the … change in unemployment in eleven EU countries during the period 2006-2012, paying special attention to which socio …, to a greater extent than educational attainment, is the main determinant of flows from employment into unemployment …

-term unemployment, the combination of high (public and private) debt and low population and productivity growth may create significant …

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 …

Spain from the mid-1990s until the arrival of the global financial crisis in 2007-2008, ii) what role fiscal policy and … policies could affect the recovery of economic activity in Spain after the crisis. Our results indicate that falling interest … Spain more successful …