Unemployment, spell duration and the burden of unemployment in Spain during the XXI Century
Francisco Goerlich Gisbert () and
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Alba Miñano: Universitat de València
Working Papers. Serie EC from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)
This paper presents the families of unemployment indexes sensitive to unemployment duration developed by Sengupta (2009) and Shorrocks (2009a, 2009b). They pick-up in a single index the 3 dimensions of unemployment: incidence, intensity and inequality. An application with the Spanish Labor Force Survey for the period 2001-2017 is offered, and some interesting results arise. In particular, when unemployment duration is taken into account, a less optimistic view of the recent recovery appears, since one of the consequences of the Great Recession has been the huge increase in the very long-term unemployed. Moreover, vulnerable groups in the society should also be measured taking into account not only the incidence of unemployment, but also intensity and inequality, and when we do so other highly vulnerable groups emerge.
Keywords: measurement of unemployment; spell duration; Spanish labour market. (search for similar items in EconPapers)
JEL-codes: D30 D63 I31 J64 (search for similar items in EconPapers)
Pages: 38 pages
New Economics Papers: this item is included in nep-eur and nep-lab
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http://www.ivie.es/downloads/docs/wpasec/wpasec-2018-02.pdf Fisrt version / Primera version, 2018 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasec:2018-02
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