Spain: From Immigration to Emigration?

41 Pages Posted: 19 Feb 2015

See all articles by Mario Izquierdo

Mario Izquierdo

Banco de España

Juan F. Jimeno

Banco de España - Research Department; Centre for Economic Policy Research (CEPR); IZA Institute of Labor Economics

Aitor Lacuesta

Banco de España

Date Written: February 18, 2015

Abstract

Since the start of the Great Recession the unemployment rate in Spain has risen by almost 18 percentage points. The unemployment crisis is affecting all population groups, including the more highly educated; but it is even more acute for the foreign population, whose unemployment rate is close to 40%. This situation follows a period of very high immigration flows (1995-2007) that set the number of foreigners living in Spain at 11% of the population. This paper documents the characteristics of recent migration flows to Spain and compares how foreign and Spanish nationals are moving abroad and across Spanish regions in response to the unemployment crisis. Building on this comparison, we shed some light on the selection of migrants by educational level and offer conjecture as to the implications of the migration outflows observed in recent years.

Keywords: migration inflows and outflows, unemployment, educational selection of migrants

JEL Classification: F22, J64, J61

Suggested Citation

Izquierdo, Mario and Jimeno, Juan F. and Lacuesta, Aitor, Spain: From Immigration to Emigration? (February 18, 2015). Banco de Espana Working Paper No. 1503. Available at SSRN: https://ssrn.com/abstract=2566723 or http://dx.doi.org/10.2139/ssrn.2566723

Mario Izquierdo (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

Juan F. Jimeno

Banco de España - Research Department ( email )

Alcala 48
28014 Madrid
Spain

Centre for Economic Policy Research (CEPR)

London
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Aitor Lacuesta

Banco de España ( email )

Madrid 28014
Spain

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