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Spanish Unemployment: The End of the Wild Ride?

Samuel Bentolila and Juan F Jimeno

No 2003-10, Working Papers from FEDEA

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

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