Spanish unemployment: The end of the wild ride?
- Samuel Bentolila 1
- Juan F. Jimeno 2
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1
Centro de Estudios Monetarios y Financieros
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Centro de Estudios Monetarios y Financieros
Madrid, España
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2
Universidad de Alcalá
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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.