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

Lucía Gorjón García (), Sara de la Rica () and Antonio Villar ()
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Lucía Gorjón García: ISEAK and FEDEA
Sara de la Rica: Universidad del País Vasco & FEDEA

No 19.08, Working Papers from Universidad Pablo de Olavide, Department of Economics

Abstract: The social cost of unemployment is an evaluation protocol proposed by Gorjón, de la Rica & Villar (2018) that integrates into a single indicator three different dimensions 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 workers and 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: J64 J65 I31 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2019-03
New Economics Papers: this item is included in nep-eur
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