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Explaining Unemployment In Spain
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Book Synopsis Explaining Unemployment in Spain by : Mr.Jeffrey R. Franks
Download or read book Explaining Unemployment in Spain written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 1994-09-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Explaining Unemployment in Spain by : Jeffrey Franks
Download or read book Explaining Unemployment in Spain written by Jeffrey Franks and published by . This book was released on 1994 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Explaining the Dynamics of Spanish Unemployment by : Humberto López
Download or read book Explaining the Dynamics of Spanish Unemployment written by Humberto López and published by . This book was released on 1996 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most important problems of the Spanish economy is unemployment. In this paper we provide an explanation for Spanish unemployment. We show that the Spanish economy is consistent with an insiders-outsiders model with full hysteresis and increasing labour supply in which output, unemployment and consumption are driven by a common monetary trend. We also show that, if we discount demographic factors and job destruction in agriculture, Spaish unemployment has followed closely, although with a lag of around two years, the evolution of Spanish monetary policy and it would have been in 1994 at the level of 1977. Finally, we provide some evidence supporting the hypothesis that the last recession was caused by the tight monetary policy of the eighties and early nineties.
Book Synopsis Explaining the Transitions Out of Unemployment in Spain by : Alfonso Alba Ramírez
Download or read book Explaining the Transitions Out of Unemployment in Spain written by Alfonso Alba Ramírez and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Youth Unemployment and Social Exclusion in Europe by : Torild Hammer
Download or read book Youth Unemployment and Social Exclusion in Europe written by Torild Hammer and published by Policy Press. This book was released on 2003-07-30 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important new book presents the findings of the first comparative study of unemployed youth in Europe using a large and original data set. It addresses some of the key questions around the issue including: How do young people cope with unemployment? Does unemployment lead to social exclusion of young people, implying a withdrawal from society, financial deprivation and social isolation? Drawing on a research sample of over 17000 young unemployed people in ten European countries, the book examines how different welfare strategies and labour market policies in different countries influence the risk of social exclusion among unemployed youth.
Download or read book Why Banks Fail written by Sebastián Royo and published by Springer Nature. This book was released on 2020-06-27 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the political roots of banking crises in Spain. It focuses on the process of political bargains in which parties with different interests come together to form coalitions, and it shows how these coalitions have determined banking outcomes and caused banking crises in Spain. In particular, it analyzes the 2008 Spanish banking crisis and shows how Spanish banks and related savings institutions contributed significantly to the challenges that led to the crisis, including the fueling of a large property bubble – by channeling tremendous credits to the construction and real estate sectors, while starving the country’s productive sectors. Accordingly, the book links banking crises to the country’s larger institutional malaise, placing the solution not only in the hands of the banks, but also the political institutions that influence them.
Book Synopsis The New Politics of Unemployment by : Hugh Compston
Download or read book The New Politics of Unemployment written by Hugh Compston and published by Routledge. This book was released on 2002-09-11 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first comparative study of the politics of policy innovation in the field of unemployment. The contributors provide a thorough and lucid analysis of past government failures, and look to possible future strategies.
Book Synopsis Fighting Unemployment by : David R. Howell
Download or read book Fighting Unemployment written by David R. Howell and published by Oxford University Press. This book was released on 2005 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Explaining Youth Labor Market Problems in Spain by : Juan J. Dolado
Download or read book Explaining Youth Labor Market Problems in Spain written by Juan J. Dolado and published by . This book was released on 2000 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Spanish Labor Market in a Cross-Country Perspective by : Ms.Florence Jaumotte
Download or read book The Spanish Labor Market in a Cross-Country Perspective written by Ms.Florence Jaumotte and published by International Monetary Fund. This book was released on 2011-01-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Spanish labor market is not working: the unemployment rate is structurally very high; wages are not very responsive to labor market conditions, causing a high cyclicality of unemployment; and the labor market is highly dual. Compared with the EU15, Spanish labor market institutions and policies stand out by the structure of its collective bargaining, which occurs mostly at an intermediate level, and by very high severance payments for permanent workers. Based on a quantitative analysis, the paper shows that moving away from the intermediate level of bargaining would go a long way toward bringing the unemployment rate closer to the EU15 average. The key reform needed to reduce the share of temporary workers is reducing employment protection of permanent workers. Substantially reforming the collective bargaining system and reducing the protection of permanent workers are likely to be highly complementary to secure a substantial reduction in the unemployment rate. The recent 2010 labor market reform attempts to address these issues, although its effects are still to materialize.
Book Synopsis Economic Policies and Unemployment Dynamics in Europe by : Mr.Dennis J. Snower
Download or read book Economic Policies and Unemployment Dynamics in Europe written by Mr.Dennis J. Snower and published by International Monetary Fund. This book was released on 1997-01-28 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, edited by S.G.B. Henry and Dennis J. Snower, examines the high unemployment that has plagued five European countries- France, Germany, Italy, Spain, and the United Kingdom- for more than a decade. Its methodology focuses on the mechanisms that prevent employers and employees from adjusting promptly to changing market opportunities. Chief among these mechanisms are outdated economic structures, the power of labor unions, rising nonwage labor costs, and the disparity between unemployed workers and available jobs. Although cross-country differences indicate that there is no common cause for joblessness in Europe, the book discusses a unique characteristic of the European labor market- that unemployment not only rises during recessions, but does not fall when economic weaknesses are overcome.
Book Synopsis Explaining Youth Labour Market Problems in Spain by : Juan José Dolado
Download or read book Explaining Youth Labour Market Problems in Spain written by Juan José Dolado and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labour Market Policy and Unemployment by : Jaap Koning
Download or read book Labour Market Policy and Unemployment written by Jaap Koning and published by Edward Elgar Publishing. This book was released on 2001-01-01 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the effectiveness of active labour market policies and their contribution to the prevention of social exclusion. The evaluation studies reported in this volume focus on two aspects of active labour market policies that have been relatively neglected in previous research and merit special attention. The first part of the book deals with aggregate impact analysis. Using examples from France, Germany, The Netherlands and Spain, the contributors attempt to estimate the impact of active labour market policies on the transition from unemployment to employment using aggregate data at the regional level. Although quantitative in nature, these contributions take into account qualitative aspects such as the socio-economic context of the countries concerned and the structure of active labour market policies. The book then focuses on implementation issues and includes implementation studies carried out in Germany, The Netherlands and Sweden. The qualitative element plays a far more important role in these contributions which rely on case studies and surveys in addition to statistical data.
Book Synopsis Macroeconomic Measurement Versus Macroeconomic Theory by : Merijn Knibbe
Download or read book Macroeconomic Measurement Versus Macroeconomic Theory written by Merijn Knibbe and published by Routledge. This book was released on 2019-12-06 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ideally, scientific theory and scientific measurement should develop in tandem, but in recent years this has not been the case in economics. There used to be a time when leading economists, or their students, established or led statistical offices and took care that the measurements were consistent with the theory (and vice versa). Not anymore. Macroeconomic theorists and macroeconomic statisticians do not even speak the same language any longer. They do use the same words, such as ‘consumption’, ‘investments’ or ‘unemployment’ but the meanings can often be different. This book maps the differences between macroeconomic theory and measurement and explores them in some detail while also tracking their intellectual, historical and, in some cases, ideological origins. It also explores the possible policy implications. In doing so, the book draws on two separate strands of literature which are seldom used in unison: macro-statistical manuals and theoretical macro-papers. By doing so, the book contributes to the effort to bridge the gap between them without compromising on the idea that a meaningful science of economics should, in the end, be based upon individual people and households and their social and cultural embedding instead of a ‘representative consumer’, or Robinson Crusoe figure. This work is essential reading for students, economists, statisticians, and professionals.
Download or read book Okun's Law written by Laurence M. Ball and published by International Monetary Fund. This book was released on 2013-01-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper asks how well Okun’s Law fits short-run unemployment movements in the United States since 1948 and in twenty advanced economies since 1980. We find that Okun’s Law isa strong and stable relationship in most countries, one that did not change substantiallyduring the Great Recession. Accounts of breakdowns in the Law, such as the emergence of“jobless recoveries,” are flawed. We also find that the coefficient in the relationship—the effect of a one percent change in output on the unemployment rate—varies substantially across countries. This variation is partly explained by idiosyncratic features of national labormarkets, but it is not related to differences in employment protection legislation.
Book Synopsis Working Paper Summaries (WP/94/77 - WP/94/147) by : International Monetary Fund
Download or read book Working Paper Summaries (WP/94/77 - WP/94/147) written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-02-01 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: Authors of Working Papers are normally staff members of the Fund or consultants, although on occasion outside authors may collaborate with a staff member in writing a paper. The views expressed in the Working Papers or their summaries are, however, those of the authors and should not necessarily be interpreted as representing the views of the Fund. Copies of individual Working Papers and information on subscriptions to the annual series of Working Papers may be obtained from IMF Publication Services, International Monetary Fund, 700 19th Street, Washington, D.C. 20431. Telephone: (202) 623-7430 Telefax: (202) 623-7201 This compilation of summaries of Working Papers released during July-December 1994 is being issued as a part of the Working Paper series. It is designed to provide the reader with an overview of the research work performed by the staff during the period.
Book Synopsis Unemployment and Labour Market Flexibility by : Juan Jimeno
Download or read book Unemployment and Labour Market Flexibility written by Juan Jimeno and published by International Labour Organization. This book was released on 1994 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estudio donde se examinan las razones para la gran persistencia e incremento del desempleo en España a partir de los primeros años de la década de los setenta, centrándose particularmente en la flexibilidad como principal razón para la ineficacia del mercado laboral.
