positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …

Despite a rapid decrease in unemployment and strong GDP and employment growth, real wages barely increased in Spain …

-Pissarides economy with firm-specific productivity shocks. Our main theoretical results are twofold. First, unemployment is lower under … firm-level bargaining Second, introducing efficient opting-out of sector-level agreements suffices to bring unemployment … unemployment rate is about 5 percentage points lower under firm-level bargaining or efficient opting out than under sector …

Since the start of the Great Recession the unemployment rate in Spain has risen by almost 18 percentage points. The … unemployment crisis is affecting all population groups, including the more highly educated; but it is even more acute for the … foreign population, whose unemployment rate is close to 40%. This situation follows a period of very high immigration flows …

EPL varying among workers of different skills on the level and composition of unemployment, job flows, productivity and …

potential equilibria, the unemployment rates of the different types of workers, the degree of wage inequality, and the response …

The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15percentage points, with roughly …

Courts has not substantially increased, although it is now less negatively associated with the local unemployment rate than …