Download or read book Explaining the dynamics of Spanish unemployment written by J. Humberto Lopez and published by . This book was released on 1996 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 Labor Market Policies and Unemployment Dynamics in Spain written by Jeffrey Franks and published by . This book was released on 1997 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Análisis del papel de las políticas que afectan al mercado laboral y el desempleo en España, a través de un modelo reflejado en tres ecuaciones: fuerza de trabajo, desempleo y salarios.
Download or read book How Long is the Long Run A Dynamic Analysis of the Spanish Business Cycle written by Ms.Stefania Fabrizio and published by International Monetary Fund. This book was released on 1997-06-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies the sources of Spanish business cycles. It assumes that Spanish output is affected by two types of shocks. The first one has permanent long-run effects on output and it is identified as a supply shock. The second one has only transitory effects on output and it is identified as a demand shock. Spain seems to have long business cycles, of about 15 years. As restrictive demand policies to control the inflation rate could prove painful and disappointing, supply side policies aimed at reducing rigidities in the product and labor market would be a better way to achieve the same objective.
Download or read book Spain Selected Issues written by Jeffrey R. Franks and published by . This book was released on 1996 with total page 42 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 Explaining Unemployment in Spain written by Jeffrey Franks and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spain written by Jeffrey R. Franks and published by . This book was released on 1996-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Explaining Unemployment in Spain Structural Change Cyclical Fluc Tuations and Labor Market Regidities written by J. R. Franks and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Spain written by Fondo Monetario Internacional and published by . This book was released on 1996 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The NRU and the Evolution of Regional Disparities in Spanish Unemployment written by Roberto Bande and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our analytical framework, which follows the chain reaction theory (CRT) of unemployment and argues that (i) a system of interactive labour market equations, rather than a single-equation unemployment rate model, is better equipped to accommodate unemployment dynamics, and (ii) due to the interplay of frictions and growth in labour markets, the NRU ceases to be an attractor of the unemployment rate time path. We then provide evidence that the Spanish economy is characterised by large and persistent disparities in the regional unemployment rates. Through standard kernel density tecnhiques, we demonstrate the existence of marked differences between two groups of high and low unemployment regions that remain stable in their composition through time. Finally, we review our empirical labour market model for each group of regions and evaluate the corresponding natural rates. Our findings confirm that the evolution of regional disparities cannot be attributed to disparities in the natural rates, given that these, although different, do not act as an attractor of unemployment. Thus, the NRUs offer little help in the formulation of labour market policies. -- Regional unemployment ; Disparities ; Kernel ; Natural rate ; Frictional growth
Download or read book Labour Market Flexibility and Regional Unemployment Rate Dynamics written by Roberto Bande and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper aims to shed light in the dynamics of Spanish regional unemployment rates and determine the driving forces of their disparities. The Spanish economy has one of the highest unemployment rates in the EU and is characterised by severe regional disparities. We apply the chain reaction theory of unemployment according to which the evolution of unemployment is driven by the interplay of lagged adjustment processes and the spillover effects within the labour market system. Our model includes nationwide as well as region-specific variables, and takes into account the limited labour and firm mobility in Spain. We show that the degree of labour market flexibility differs between high and low unemployment regions, and find that investment has a major influence on the unemployment trajectory. In addition, we find that in bad times high unemployment regions are hit more severely than low unemployment regions, while in good times high unemployment regions do not benefit as much as low unemployment regions"--Forschungsinstitut zur Zukunft der Arbeit web site.
Download or read book Explaining the transitions out of unemployment in Spain written by Alfonso Alba Ramírez and published by . This book was released on 1996 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Dating and Forecasting the Spanish Business Cycle written by Humberto López and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Agenda Dynamics in Spain written by Laura Chaqués Bonafont and published by Springer. This book was released on 2015-08-11 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spanish politics has been transformed. Using new techniques, this book looks at 30 years of Spanish political history to understand party competition, the impact of the EU, media-government relations, aspirations for independence in Catalonia and the Basque region, and the declining role of religion.
