Spanish Unemployment: The End of the Wild Ride?

30 Pages Posted: 11 Jun 2003

See all articles by Samuel Bentolila

Samuel Bentolila

Centro de Estudios Monetarios y Financieros (CEMFI); Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

Juan F. Jimeno

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

Date Written: May 2003

Abstract

Over the last quarter century, the Spanish unemployment rate has gone from 3.5 per cent to 24 per cent of the labor force, and then back to 13 per cent. 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.

JEL Classification: J64, J68

Suggested Citation

Bentolila, Samuel and Jimeno, Juan F., Spanish Unemployment: The End of the Wild Ride? (May 2003). CESifo Working Paper Series No. 940. Available at SSRN: https://ssrn.com/abstract=413841

Samuel Bentolila (Contact Author)

Centro de Estudios Monetarios y Financieros (CEMFI) ( email )

Casado del Alisal 5
28014 Madrid
Spain
+34 91 429 0551 (Phone)
+34 91 429 1056 (Fax)

Centre for Economic Policy Research (CEPR)

London
United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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

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