Spanish unemployment: The end of the wild ride?

• Samuel Bentolila ^[1] ; Juan F. Jimeno ^[2]
  1. [1] Centro de Estudios Monetarios y Financieros

     Centro de Estudios Monetarios y Financieros

     Madrid, España

     
  2. [2] Universidad de Alcalá

     Universidad de Alcalá

     Alcalá de Henares, España

     
• Localización: Documentos de Trabajo ( CEMFI ), Nº. 7 (CEMFI Working Paper No. 0307, April 2003), 2003
• Idioma: inglés
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• Resumen

  • Over the last quarter century, the Spanish unemployment rate has gone from 3.5% to 24% of the labor force, and then back to 13%. In this paper we describe this extraordinary evolution more in detail, discuss the main shocks and institutions behind it, and provide a set of policy implications derived from our analysis.