Explaining Unemployment In Spain
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Explaining Unemployment In Spain
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Author : Mr.Jeffrey R. Franks
language : en
Publisher: International Monetary Fund
Release Date : 1994-09-01
Explaining Unemployment In Spain written by Mr.Jeffrey R. Franks and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994-09-01 with Business & Economics categories.
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.
Explaining Unemployment In Spain
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Author : Jeffrey Franks
language : en
Publisher:
Release Date : 1994
Explaining Unemployment In Spain written by Jeffrey Franks and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Explaining The Transitions Out Of Unemployment In Spain
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Author : Alfonso Alba Ramírez
language : en
Publisher:
Release Date : 1996
Explaining The Transitions Out Of Unemployment In Spain written by Alfonso Alba Ramírez and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Explaining The Dynamics Of Spanish Unemployment
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Author : Humberto López
language : en
Publisher:
Release Date : 1996
Explaining The Dynamics Of Spanish Unemployment written by Humberto López and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Unemployed categories.
One of the most important problems of the Spanish economy is unemployment. In this paper we provide an explanation for Spanish unemployment. We show that the Spanish economy is consistent with an insiders-outsiders model with full hysteresis and increasing labour supply in which output, unemployment and consumption are driven by a common monetary trend. We also show that, if we discount demographic factors and job destruction in agriculture, Spaish unemployment has followed closely, although with a lag of around two years, the evolution of Spanish monetary policy and it would have been in 1994 at the level of 1977. Finally, we provide some evidence supporting the hypothesis that the last recession was caused by the tight monetary policy of the eighties and early nineties.
Spanish Regional Unemployment
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Author : Alejandro García-Cintado
language : en
Publisher: Springer Science & Business Media
Release Date : 2014-01-18
Spanish Regional Unemployment written by Alejandro García-Cintado and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-01-18 with Business & Economics categories.
This work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011. For that purpose, the authors employ the PANIC procedures of Bai and Ng (2004), which allows to decompose the observed unemployment rate series into common factor and idiosyncratic components. This enables the authors to identify the exact source behind the hysteretic behaviour found in Spanish regional unemployment. Overall, the analysis with three different proxies for the excess of labour supply renders strong support for the hysteresis hypothesis, which appears to be caused by a common stochastic trend driving all the regional unemployment series. In the second part of the analysis the authors try to determine the macroeconomic and institutional factors that are able to explain the time series evolution of the common factor, and in turn help us shed light on the ultimate sources of hysteresis. The reader shall see how the variables that the empirical analysis emphasises as relevant closely fit into the main causes of the Spanish unemployment behaviour. Finally, some policy considerations drawn from the results are presented.
Unemployment And Labour Market Flexibility
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Author : Juan Jimeno
language : en
Publisher: International Labour Organization
Release Date : 1994
Unemployment And Labour Market Flexibility written by Juan Jimeno and has been published by International Labour Organization this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Estudio donde se examinan las razones para la gran persistencia e incremento del desempleo en España a partir de los primeros años de la década de los setenta, centrándose particularmente en la flexibilidad como principal razón para la ineficacia del mercado laboral.
Regional Labor Mobility In Spain
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Author : Lucy Qian Liu
language : en
Publisher: International Monetary Fund
Release Date : 2018-12-13
Regional Labor Mobility In Spain written by Lucy Qian Liu and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-12-13 with Business & Economics categories.
This paper studies the main factors that explain the low regional mobility in Spain, with a view to identifying policy options at the regional and central level to promote labor mobility. The empirical analysis finds that house prices, labor market conditions, and the pervasiveness of labor market duality at the regional level are the main determinants for Spain’s regional mobility, while labor market institutions and policies play an important role at the national level. Policies that facilitate wage setting flexibility and reduce labor market duality could help enhance the functioning of the labor market, thereby promoting labor mobility. There may be also room for policies to incentivize people to move and provide support through targeted active labor market policies.
The New Politics Of Unemployment
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Author : Hugh Compston
language : en
Publisher: Routledge
Release Date : 2002-09-11
The New Politics Of Unemployment written by Hugh Compston and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-09-11 with Business & Economics categories.
The first comparative study of the politics of policy innovation in the field of unemployment. The contributors provide a thorough and lucid analysis of past government failures, and look to possible future strategies.
Fighting Unemployment
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Author : David R. Howell
language : en
Publisher: Oxford University Press
Release Date : 2005
Fighting Unemployment written by David R. Howell and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
Critically assessing the widely accepted view that the cause of unemployment is excessive labor market regulation and overly generous welfare state benefits, this book's chapters include both cross-country statistical analyses and country case studies.
Economic Policies And Unemployment Dynamics In Europe
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Author : Mr.Dennis J. Snower
language : en
Publisher: International Monetary Fund
Release Date : 1997-01-28
Economic Policies And Unemployment Dynamics In Europe written by Mr.Dennis J. Snower and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-28 with Business & Economics categories.
This book, edited by S.G.B. Henry and Dennis J. Snower, examines the high unemployment that has plagued five European countries- France, Germany, Italy, Spain, and the United Kingdom- for more than a decade. Its methodology focuses on the mechanisms that prevent employers and employees from adjusting promptly to changing market opportunities. Chief among these mechanisms are outdated economic structures, the power of labor unions, rising nonwage labor costs, and the disparity between unemployed workers and available jobs. Although cross-country differences indicate that there is no common cause for joblessness in Europe, the book discusses a unique characteristic of the European labor market- that unemployment not only rises during recessions, but does not fall when economic weaknesses are overcome.