low levels of education. There are two crucial policy priorities to improve employment prospects for youth in Spain. First … early stage and to improve the school to work transition of young people. Key issues are to better match skills acquired in …

nation’s potential output. Boosting employment prospects is also critical, as the country will soon be ageing at a fast pace …. Despite long working hours, labour utilisation is only average due to structurally low employment rates, particularly at both … ends of the age spectrum, with some marked regional differences. The female employment rate is especially low, in part due …

employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …

wages, nor are they effectively enforced. During the recent slowdown, average wages adjusted rapidly and employment was soon …Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in … enforced remains to be seen. For the time being, de facto employment protection is far less than de jure, with an enduring …

employment turnover and high insurance can co-exist with an American-type steady-state with low unemployment, high employment …

unemployment, low employment turnover and high insurance can co-exist with an American-type steady state with low unemployment …, high employment turnover and low unemployment insurance. A calibrated version of the model features two distinct steady …