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Unemployment and vacancies in Spain: Labour mismatch and active labour market policy

  • Gemma Garcia

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    The increment and persistence of the unemployment in the last years in the occidental countries is one of the most analized problems related with the labour market. This study analyzes the relationship that exists between the unemployment rate and the vacancies rate along the period 1977-1996 in the Spanish economy: the Beveridge curve. The evidence allows to show the existence of a simultaneous increment of the vacancies and the unemployment. Then, I checking if this behavior there is been due to an increase of the structural unemployment and, more concretely, of the qualification level mismatch between vacancies and unemployment. The last part of the work expounds the possible effect that the active policies of employment (expenses in formation, fundamentally) could have in that appraisal of unemployment. So, according to these outputs could get some conclusions on the convenience of destining more economical resources to this type of policies. Keywords: vacancies, unemployment, active labour market policy. Theme E: Poverty, Labour Markets and Migration

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    File URL: http://www-sre.wu-wien.ac.at/ersa/ersaconfs/ersa98/papers/182.pdf
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    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa98p182.

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    Date of creation: Aug 1998
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    Handle: RePEc:wiw:wiwrsa:ersa98p182
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    1. Calmfors, Lars & Forslund, Anders, 1991. "Real-Wage Determination and Labour Market Policies: The Swedish Experience," Economic Journal, Royal Economic Society, vol. 101(408), pages 1130-48, September.
    2. Bean, Charles R, 1994. "European Unemployment: A Survey," Journal of Economic Literature, American Economic Association, vol. 32(2), pages 573-619, June.
    3. Layard, Richard & Nickell, Stephen, 1986. "Unemployment in Britain," Economica, London School of Economics and Political Science, vol. 53(210(S)), pages S121-69, Supplemen.
    4. Anders Forslund & Alan B. Krueger, 1997. "An Evaluation of the Swedish Active Labor Market Policy: New and Received Wisdom," NBER Chapters, in: The Welfare State in Transition: Reforming the Swedish Model, pages 267-298 National Bureau of Economic Research, Inc.
    5. Hansen, Bent, 1970. "Excess Demand, Unemployment, Vacancies, and Wages," The Quarterly Journal of Economics, MIT Press, vol. 84(1), pages 1-23, February.
    6. Bowden, Roger J, 1980. "On the Existence and Secular Stability of u-v Loci," Economica, London School of Economics and Political Science, vol. 47(185), pages 35-50, February.
    7. Richard Jackman & Richard Layard & S Savouri, 1990. "Mismatch: A Framework for Thought," CEP Discussion Papers dp0001, Centre for Economic Performance, LSE.
    8. repec:sae:niesru:v:111:y::i:1:p:62-85 is not listed on IDEAS
    9. Budd, Alan & Levine, Paul & Smith, Peter, 1988. "Unemployment, Vacancies and the Long-term Unemployed," Economic Journal, Royal Economic Society, vol. 98(393), pages 1071-91, December.
    10. 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.
    11. Pissarides, Christopher A, 1985. "Short-run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages," American Economic Review, American Economic Association, vol. 75(4), pages 676-90, September.
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