The social cost of unemployment in Spain:who are the losers?

Lucia Gorjon, Sara De La Rica and Antonio Villar

Working Papers - Economics from Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa

Abstract: The socialcost of unemploymentis an evaluationprotocol proposed by Gorjón, de la Rica and Villar (2018) that integrates into a single indicator three differentdimensions of this phenomenon: incidence (the conventional unemployment rate), severity (depending on the unemployment duration and the lost income) and hysteresis (the probability of remaining unemployed). This indicator corresponds to the aggregate disutility of unemployed workersand can thus be regarded as a measure of the social welfare loss due to unemployment. We apply here this evaluation protocol to the Spanish labour market, using the official register of unemployed workers compiled by the Public Employment Service, focusing on the differences among the types of unemployed workers that can be defined according to gender, age, level of studies, unemployment duration,and type of compensation received.Then we identify the population subgroups that suffer most the impact of unemployment.

Keywords: social cost of unemployment; unemployment duration; incidence; severity and hysteresis of unemployment; Spanish labour market; types of workers (search for similar items in EconPapers)
JEL-codes: I31 J64 J65 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2019
New Economics Papers: this item is included in nep-eur
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Working Paper: The social cost of unemployment in Spain: who are the losers? (2019)
Working Paper: The social cost of unemployment in Spain: who are the losers? (2019)
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