The Spanish labour market is characterised by high levels of unemployment, which have increased during the global … economic crisis. Spain is also a country which is characterised by a very high percentage of homeownership, with more than 83 …% of households being owner-occupiers. Both regional levels of unemployment and homeownership are known to be important …

In this paper we analyse wage flexibility in Spain and its regional differences, departing from the estimation of wage … well as the unemployment rate. This analysis allows to test hypothesis concerning the possible changes that may have … regional unemployment, given its impact on the ability of the local labour market to absorb negative shocks. The paper also …

Over the last quarter century, the Spanish unemployment rate has gone from 3.5 per cent to 24 per cent of the labor …