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El desempleo espanol: factores estructurales

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  • Jorge Lopez Tamayo
  • Jordi Surinach Caralt

    (Universitat de Barcelona)

Abstract

Unemployment is one of the most important problems of the Spanish and European economies. A possible analysis, vastly extended in recent literature, focuses on mismatch problems between labour demand and supply. In this sense, the empirical relationship between the vacancy rate and the unemployment rate, the so-called Beveridge curve or UV curve, offers an instrument to characterise the unemployment of the considered economy. Different studies, such as Jackman et al. (1983) and Pissarides (1985) among others, point out that outward shifts of the Beveridge curve can be interpreted as increases in structural unemployment. The identification of these shifts provide some useful information that can be used for policy-making. The main objective of this paper is to identify the outward shifts of the Beveridge curve for the Spanish economy in the period 1978-96 using annual data from the Encuesta de Poblacion Activa (INE) and the Estadistica de Empleo, INEM. As both sources provide regional disaggregated data, it is possible to use a regional panel data to analyse a wide pool of factors that can explain the outward shift of the UV curve, a possible change in the elasticity of the unemployment rate with respect to the vacancy rate and the existence of different regional behaviours in the process of job-matching.

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Bibliographic Info

Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number 53.

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Length: 55 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:bar:bedcje:199953

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Postal: Espai de Recerca en Economia, Facultat de Ciències Econòmiques. Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona. Spain.
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  1. Richard Jackman & Christopher A. Pissarides & S Savouri, 1990. "Labour Market Policies and Unemployment in the OECD," CEP Discussion Papers dp0011, Centre for Economic Performance, LSE.
  2. Edin, P-A. & Holmlund, B., 1990. "Unemployment, Vacancies And Labour Market Programmes: Swedish Evidence," Papers, Uppsala - Working Paper Series 1990j, Uppsala - Working Paper Series.
  3. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780199279173, October.
  4. Budd, Alan & Levine, Paul & Smith, Peter, 1988. "Unemployment, Vacancies and the Long-term Unemployed," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 98(393), pages 1071-91, December.
  5. Howard J. Wall & Gylfi Zoega, 2001. "The British Beveridge curve: a tale of ten regions," Working Papers, Federal Reserve Bank of St. Louis 2001-007, Federal Reserve Bank of St. Louis.
  6. Jackman, R & Roper, S, 1987. "Structural Unemployment," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 49(1), pages 9-36, February.
  7. Layard, Richard & Nickell, Stephen, 1986. "Unemployment in Britain," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 53(210(S)), pages S121-69, Supplemen.
  8. Parikh, Ashok & Allen, Franklin, 1982. "Relationship between Unemployment and Vacancies in the United Kingdom: A MIMIC Approach," Oxford Economic Papers, Oxford University Press, vol. 34(1), pages 98-107, March.
  9. Arellano, Manuel & Bond, Stephen, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," Review of Economic Studies, Wiley Blackwell, Wiley Blackwell, vol. 58(2), pages 277-97, April.
  10. Gregg, P & Petrongolo, B, 1997. "Random or Non-Random Matching? Implications for the Use of the UV Curve as a Measure of Matching Performance," Papers, Centre for Economic Performance & Institute of Economics 13, Centre for Economic Performance & Institute of Economics.
  11. Borsch-Supan, Axel H, 1991. "Panel Data Analysis of the Beveridge Curve: Is There a Macroeconomic Relation between the Rate of Unemployment and the Vacancy Rate?," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 58(231), pages 279-97, August.
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