Spanish unemployment: The end of the wild ride?

  1. Samuel Bentolila 1
  2. Juan F. Jimeno 2
  1. 1 Centro de Estudios Monetarios y Financieros
    info

    Centro de Estudios Monetarios y Financieros

    Madrid, España

  2. 2 Universidad de Alcalá
    info

    Universidad de Alcalá

    Alcalá de Henares, España

    ROR https://ror.org/04pmn0e78

Revista:
Documentos de Trabajo ( CEMFI )

Año de publicación: 2003

Número: 7

Tipo: Documento de Trabajo

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.