Download or read book Explaining Unemployment in Spain written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 1994-09-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Spanish Regional Unemployment written by Alejandro García-Cintado and published by Springer Science & Business Media. This book was released on 2014-01-18 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Spanish Unemployment written by Olivier J. Blanchard and published by . This book was released on 1995 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is there a solution to Spanish unemployment? This report contends that reducing Spain's current unemployment rate of 25% to 5% within 10 years should be the primary focus of Spain's economic policy.
Download or read book Unemployment and Labour Market Flexibility written by Juan Jimeno and published by International Labour Organization. This book was released on 1994 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Spanish Labor Market in a Cross Country Perspective written by Ms.Florence Jaumotte and published by International Monetary Fund. This book was released on 2011-01-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Spanish labor market is not working: the unemployment rate is structurally very high; wages are not very responsive to labor market conditions, causing a high cyclicality of unemployment; and the labor market is highly dual. Compared with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining, which occurs mostly at an intermediate level, and by very high severance payments for permanent workers. Based on a quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward bringing the unemployment rate closer to the EU15 average. The key reform needed to reduce the share of temporary workers is reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the protection of permanent workers are likely to be highly complementary to secure a substantial reduction in the unemployment rate. The recent 2010 labor market reform attempts to address these issues, although its effects are still to materialize.
Download or read book Spanish Unemployment and Inflation Persistence written by Juan José Dolado and published by . This book was released on 1997 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies the joint behaviour of inflation and unemployment in Spain over the period 1964-1995.
Download or read book Why is Spanish Unemployment So High written by Juan José Dolado and published by . This book was released on 1995 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Unemployment Persistence and Mismatch written by Raquel Fonseca and published by Presses univ. de Louvain. This book was released on 2002 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the mid-1970s Spain has suffered from persistently high unemployment, as it has occurred in other parts of Europe. Although during the last few years the unemployment level has declined, there are still enormous disparities in the unemployment rate across groups, skills and regions. This thesis attempts to shed some light on the mechanisms of unemployment persistence and skill and regional mismatch in Spain. Chapter 1 provides a first introductory analysis of Spanish data. The chapter emphasises the importance of skill and regional mismatch, which may have contributed about fifty percent to the observed increase in total unemployment over the last twenty years. The chapter also studies the cyclical pattern in the Spanish unemployment, which is a very important aspect in view of its magnitude. The following three chapters are devoted to the evaluation of different mechanisms that may have been at work. In all three chapters, the analysis relies on the specification, calibration and simulation of dynamic general equilibrium models with matching on the labour market. Chapter 2 focuses on cyclical fluctuations, with particular emphasis on the role of reallocation shocks. Chapter 3 focuses on « skill mismatch »; more precisely the chapter investigates to what extent unemployment rate disparities across skill groups can be explained in terms of a « ladder effect ». Chapter 4 focuses on regional disparities. A model is built to investigate the possible determinants of regional disparities and the role of labour mobility.
Download or read book Spain written by International Monetary Fund and published by International Monetary Fund. This book was released on 1998-06-22 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes the sources of the persistence of geographical unemployment imbalances and low speed of adjustment to regional labor demand shocks in Spain. The paper argues that, under present labor market arrangements, these imbalances are unlikely to be corrected in the near future. In particular, the current wage bargaining system appears to be excessively centralized and to result in nationally set wages that are too high to reduce unemployment in high-unemployment areas. The paper also analyzes the May 1997 labor market reform.
Download or read book Spanish Unemployment written by and published by . This book was released on 2007 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inequality in the Spanish Labor Market During the COVID 19 Crisis written by Ana Lariau and published by International Monetary Fund. This book was released on 2022-01-28 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the differential impact of the COVID-19 crisis on the Spanish labor market across population groups, as well as its implications for income inequality. The main finding is that young, less educated, and low skilled workers, as well as women are the most affected by the COVID-19 shock in terms of job loss rates. The differential impacts were especially acute at the height of the pandemic in 2020 and remain robust after taking into account the heterogeneity of sector characteristics. Given that these vulnerable groups were positioned in the lower end of the income distribution before the crisis, we hypothesize that income inequality likely has increased due to the pandemic. Policies aiming at reducing inequality in the labor market need to go beyond measures that target the hardest-hit sectors and support the vulnerable groups more directly.
Download or read book Spanish Sociedades Laborales Activating the Unemployed written by Jens Lowitzsch and published by Springer. This book was released on 2017-11-19 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the potential of the Spanish Sociedades Laborales (SLs) as an instrument of active labour market policy for re-turning the unemployed to the labour market and also the transferability of the scheme to other EU Member States. Spanish Sociedades Laborales (SLs) – mostly small and micro enterprises – are a qualified form of conventional corporation, majority-owned by their permanent employees. Unemployed persons can capitalise their unemployment benefits as a lump sum to start a new SL or to recapitalise an existing SL by joining it. This makes SLs similar to start-up subsidies for the unemployed, an established instrument of active labour market policy across the EU. The new 2015 Law on Worker-Owned and Participatory Companies substantially modernised the concept of SLs 30 years after its inception. The book tackles two currently widely discussed policy issues at both the EU level as well as the national level, i.e., reactivating unemployed in the context of ALMP and encouraging employee co-ownership in the context of the economic reform agenda in particular with regard to corporate governance, regional economic stimuli and distributive justice.
Download or read book Improving Hispanic Unemployment Data written by United States Commission on Civil Rights and published by . This book was released on 1978 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Four stories on Henry and Sandra Britland, husband-and-wife team of sleuths, he a former U.S. president, she a former congresswoman. In A Crime of Passion, they investigate a murder for which his former secretary of state is falsely accused, while in They All Ran After the President's Wife, she is kidnapped in exchange for a terrorist.
Download or read book Explaining the Dynamics of Spanish Unemployment written by Humberto López and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Politics of Unemployment written by José María Maravall and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Se estudian las políticas de lucha contra el desempleo en España desde una perspectiva comparativa. 12.
Download or read book Spanish Regional Unemployment written by Alejandro Garcia-Cintado and published by . This book was released on 2014-02-28 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spain written by Gustavo Enrique Cañonero and published by International Monetary Fund. This book was released on 1995-11-01 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
