Explaining Youth Labour Market Problems In Spain: Crowding-Out, Institutions, Or Technology Shifts?

Juan Dolado, Juan F Jimeno and Florentino Felgueroso

No 2398, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper examines the empirical evidence regarding the poor performance of the youth labour market in Spain over the last two decades, which entails very high unemployment for both higher and lower educated workers, symptoms of over-education, and low intensity of on-the-job training. It also presents a simple matching model with two types of workers ('educated' and ''non-educated') and two types of jobs ('skilled' and 'unskilled'), under which educated workers may crowd-out non-educated workers from their traditional entry jobs, showing that a combination of an increase in the relative supply of higher educated workers and rigid labour market institutions harms the training and labour market prospects of lower educated workers, while it raises the proportion of higher educated workers performing low-skill jobs.

Keywords: Crowding-out; Matching; Returns to education (search for similar items in EconPapers)
JEL-codes: J63 J64 (search for similar items in EconPapers)
Date: 2000-03
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Citations: View citations in EconPapers (12)

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Related works:
Working Paper: Explaining Youth Labor Market Problems in Spain: Crowding-Out, Institutions, or Technology Shifts? (2000)
Working Paper: Explaining Youth Labor Market Problems in Spain: Crowding-Out, Institutions, or Technology Shifts?
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