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 … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …

total inflow into unemployment. We estimate the model using (micro) survey data and (macro) administrative data from France …We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from … unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the …

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 … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …