Over the period 19952006 the Spanish economy experienced a rapid increase in employment and output growth, a surge in investment over GDP, a substantial deterioration in the current account balance and an improvement in the finances of the social security system. This paper presents a dynamic...

Using data from the Spanish Labor Force Survey (Encuesta de Poblacioń Activa) from 1999 through 2007, we explore the role of employment opportunities in explaining the growing immigrant flows of recent years. Subsequently, we investigate whether immigrant inflows have helped reduce regional...

This article offers a narrative of the Spanish crisis building upon previous literature and the papers published in this issue. This narrative focuses on two main topics: (1) the reasons why the Spanish economy embarked in the expansionary/speculative path resulting in an over-accumulation of...

Internship contracts (ICs) were designed as a stepping stone for educated young workers to develop their professional skills upon graduation. Such contracts incentivise employment creation, as firms benefit from lower wages and tax reductions, but at the same time, firms are expected to develop...