current institutions, past performance during recessions, and the policy measures adopted during the pandemic. Emphasis is …

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 …

current institutions, past performance during recessions, and the policy measures adopted during the pandemic. Emphasis is …

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