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Unemployment flows and vacancies in Spain

Pablo Antolin ()

Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: In this paper we present a study into the Spanish unemployment problem. To do so we examine unemployment flows, the relationship between unemployment and vacancies, and the outflow rate from unemployment. We propose a way of correcting the administrative, official, vacancy data. The unemployment problem appears to lie in the probability of leaving the unemployment pool, proxied by the outflow rate from unemployment. The outward shift in the u-v curve can be explained by the increase in the share of long term unemployment. And, finally, we also investigate the problem of search externalities and the scope for multiple equilibria. En este documento se estudia el problema del desempleo en España. Para ello se examinan las fluctuaciones de desempleo, la relación entre desempleo y vacantes, y la tasa de salida del desempleo Se propone un método para corregir la información oficial de la administración pública sobre vacantes. El problema del desempleo parecresidir en la probabilidad de dejar el colectivo de desempleo, estimada a través de la tasa de salida del desempleo. El desempleo hacia fuera en la curva U-V puede explicarse por el aumento en la participación en el desempleo de largo plazo. Finalmente, se investiga también el problema de las externalidades en la búsqueda y la probabilidad de equilibrio múltiple.

Keywords: Vacantes; modelos de desempleo; búsqueda de empleo; análisis de series temporales. Vacancies; unemployment models; job search; time series analysis (search for similar items in EconPapers)
Pages: 68 pages
Date: 1994-01
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http://www.ivie.es/downloads/docs/wpasec/wpasec-1994-05.pdf Fisrt version / Primera version, 1994 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasec:1994-05

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