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Author: Alejandro García-Cintado
Publisher: Springer Science & Business Media
ISBN: 3319036866
Category : Business & Economics
Languages : en
Pages : 71
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Book Description
This work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011. For that purpose, the authors employ the PANIC procedures of Bai and Ng (2004), which allows to decompose the observed unemployment rate series into common factor and idiosyncratic components. This enables the authors to identify the exact source behind the hysteretic behaviour found in Spanish regional unemployment. Overall, the analysis with three different proxies for the excess of labour supply renders strong support for the hysteresis hypothesis, which appears to be caused by a common stochastic trend driving all the regional unemployment series. In the second part of the analysis the authors try to determine the macroeconomic and institutional factors that are able to explain the time series evolution of the common factor, and in turn help us shed light on the ultimate sources of hysteresis. The reader shall see how the variables that the empirical analysis emphasises as relevant closely fit into the main causes of the Spanish unemployment behaviour. Finally, some policy considerations drawn from the results are presented.
Author: Alejandro García-Cintado
Publisher: Springer Science & Business Media
ISBN: 3319036866
Category : Business & Economics
Languages : en
Pages : 71
Get Book Here
Book Description
This work investigates the time series properties of the unemployment rate of the Spanish regions over the period 1976-2011. For that purpose, the authors employ the PANIC procedures of Bai and Ng (2004), which allows to decompose the observed unemployment rate series into common factor and idiosyncratic components. This enables the authors to identify the exact source behind the hysteretic behaviour found in Spanish regional unemployment. Overall, the analysis with three different proxies for the excess of labour supply renders strong support for the hysteresis hypothesis, which appears to be caused by a common stochastic trend driving all the regional unemployment series. In the second part of the analysis the authors try to determine the macroeconomic and institutional factors that are able to explain the time series evolution of the common factor, and in turn help us shed light on the ultimate sources of hysteresis. The reader shall see how the variables that the empirical analysis emphasises as relevant closely fit into the main causes of the Spanish unemployment behaviour. Finally, some policy considerations drawn from the results are presented.
Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1451852576
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
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.
Author: David R. Howell
Publisher: Oxford University Press
ISBN: 0195165853
Category : Business & Economics
Languages : en
Pages : 369
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Book Description
Critically assessing the widely accepted view that the cause of unemployment is excessive labor market regulation and overly generous welfare state benefits, this book's chapters include both cross-country statistical analyses and country case studies.
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Public Assistance and Unemployment Compensation
Publisher:
ISBN:
Category : Insurance, Unemployment
Languages : en
Pages : 116
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Book Description
Author: Raquel Fonseca
Publisher: Presses univ. de Louvain
ISBN: 9782930344089
Category : Business & Economics
Languages : en
Pages : 208
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Book Description
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.
Author: Hugh Compston
Publisher: Routledge
ISBN: 1134747705
Category : Political Science
Languages : en
Pages : 275
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Book Description
The problem of mass unemployment in western Europe has persisted since the early 1980s. Clearly the policies implemented by national governments and the EU have not been successful in adequately tackling this important social, economic and political issue. The New Politics of Unemployment provides a thorough comparative analysis of the present situation. It looks at how the orthodox unemployment policies of contemporary governments have failed and what new policies might be introduced. A number of radical unemployment policies, from Germany, France, Italy, Britain, Spain, Denmark, Norway, Switzerland and the EU, are outlined. These are investigated with a view to identifying the conditions under which they might become standard components of national and EU strategies to bring down unemployment. This book is the first comparative study of the politics of policy innovation in the area of unemployment. It will be an important addition to the literature of European public policy and important reading for students of comparative European politics and economics.
Author: Joseph Harrison
Publisher: Routledge
ISBN: 131705167X
Category : History
Languages : en
Pages : 256
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Book Description
Perhaps more than any other European country, Spain has undergone a remarkable transformation in the post-war period. To the surprise of many, it has succeeded in making the leap from a predominantly agricultural and politically repressed country, to a modern European democracy with a diversified economy containing important manufacturing and service sectors. Yet, despite the fact that at the beginning of the twenty-first century Spain is the world's eighth largest economy, old stereotypes that see the Iberian nation as an inflexible, unchanging society, persist. As such, scholars will welcome this new study which challenges the picaresque and outdated notions of Spanish economic development, replacing them with a picture of rapid and profound modernization. Building upon the recent work of historians and economists, the authors provide a thoughtful and compelling overview of the subject that clearly elucidates both the positive and negative aspects of modern Spanish development. Thus, as well as charting the undoubted successes achieved, persistent problems - most notably high unemployment - are also explored. Written in a straightforward and engaging manner, this book engages with research from a wide variety of disciplines, and will be of interest to anyone with a specific interest in modern Spain, or a wider interest in economic development within the framework of the European Union.
Author:
Publisher:
ISBN:
Category : Unemployment insurance
Languages : en
Pages : 8
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Book Description
Author: Sima lieberman
Publisher: Routledge
ISBN: 1136590358
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
First Published in 2005. This title studies the 1981 insurrection of the Spanish 'Guardia Civil', motivated by political and economic factors. The politico-economic causes of the February incident have been succinctly summarized and traced the institutional causality which explains the peculiarities of contemporary Spanish development. Within are chapters on Spanish agriculture, policies, the industrial revolution, and the economic crisis.
Author: S. Mangen
Publisher: Springer
ISBN: 1403940215
Category : Social Science
Languages : en
Pages : 249
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Book Description
Spanish Society After Franco investigates the origins of collective social welfare from the early nineteenth century, to set the context for an analysis of contemporary social policy from the perspective of economic and political trends since the transition of democracy in the mid-1970s. The review of policy evolution is complemented by an examination of the critical impact of social change, particularly the decline of the power of the church, regional devolution, the gender dimension and social exclusion.
