Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects …

In recessions, unemployment increases despite the - perhaps counterintuitive - fact that the number of unemployed … recessions, the abundance of new hires "congests" the jobs the unemployed fill, diminishes their marginal product and discourages … excess earnings losses from job displacement and from graduating during recessions, and the insensitivity of unemployment to …

employer discrimination. In the presence of market frictions, however, recessions create excess labor supply and thus generate … recessions? We focus on age discrimination and test this hypothesis in two ways. We first use employee discrimination charges …