Economics, Econometrics and Finance
4 years ago

Spain's Unemployment Crisis Linked to Labor Market Failures and Rigidities

SSRN Electronic Journal
Explaining Unemployment in Spain: Structural Change, Cyclical Fluctuations, and Labor Market Rigidities
Jeffrey R. Franks

Paper Summary

Spain has a big problem with unemployment, especially for women and in agriculture. This is partly due to benefits and the underground economy, but mostly because of issues in the labor market. Recent changes have helped, but more action is needed to lower unemployment rates.

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