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 … matching model, we estimate that about 45% of the surge in Spanish unemployment could have been avoided had Spain adopted …

On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment … (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our … analytical framework, which follows the chain reaction theory (CRT) of unemployment and argues that (i) a system of interactive …

We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked …

This paper examines whether part-time work acts as a bridge towards full-time work for unemployed workers in Spain. We …

Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects … around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its … characteristics such as mature age, lack of experience, and entitlement to unemployment benefits are key to understand the cross …

This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …

distinguishing job-to-job, job-to-unemployment, and other transitions. We find that job-to-job transitions are pro-cyclical, while … unemployment transitions are counter-cyclical. Individuals most affected by the economic crisis tend to be young males, living in … regions with high unemployment rates, with low qualifications and working in manual occupations (particularly construction …

This article documents a strong connection between unemployment and mental disorders using data from the Spanish Health … that an increase of the unemployment rate by 10 percent due to collapse of the sector raised mental disorders in the … chances of re-entering employment. We show that this led to long unemployment spells, hopelessness and feelings of uselessness …

of a whole business cycle, i.e. 2000‐2013. We focus on Spain – a country hit hard by unemployment increases in downturns …. Our results indicate that unemployment outs are crucial in understanding changes in unemployment rates in Spain … countries and led to gender convergence in aggregate unemployment rates. In this paper we seek the sources of this recent …

-retirement decision. Employing individual data from the European Community Household Panel for Germany, Italy, Spain, and the U.K., a … unemployed which offer a pathway to early retirement such as, Germany and Spain, older displaced workers exhibit lower re …