Spain and Portugal are two neighbour economies which share many characteristics. Spanish unemployment is more than … double Portuguese unemployment, however. In this chapter we resort to Structural Vector Autoregression (SVAR) techniques to …, their effects on unemployment were much more long-lasting in Spain than in Portugal. …

This paper examines the degree of persistence of regional relative unemployment. A theoretical model is built to … such persistence. The model is used to account for the observed degree of persistence of regional relative unemployment in …

explaining the high and persistent EU unemployment rates, focusing on several labour market institutions like collective …In this paper we analyse the likely effects of Economic and Monetary Union (EMU) on European unemployment. We start by … describing the current unemployment situation in the European Union (EU). In so doing, we try to assess the relative importance …

resilience is depicted in two conceptually independent ways: (i) the tendency of exogenous variations in unemployment to become … perpetuated and (ii) the possibility that such swings may give rise to a wage-unemployment ratchet. In this manner, the analysis … attempts to provide an explanation of why unemployment rates in Europe and the United States have displayed an upward trend …

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

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

labour market institutions. Our aim is to explain the main sources of shocks to unemployment, and the most relevant features …In this paper we analyse the underlying causes behind Spanish unemployment which is now at 24%. We interpret this …