Bentolila, Samuel, Pérez, Jose Ignacio García , Jansen, Marcel , (2017), “How to re-employ the Spanish long-term unemployed”, Vox Eu, 9 Μαρτίου
One of the most tangible legacies of the Great Recession is a surge in the incidence of long-term unemployment, especially in Spain. This is not a new problem – as the title of the 1995 CEPR report, Spanish Unemployment: Is There a Solution?, attests (Andres et al. 1995) – but it is a massive challenge.
In 2016Q3, 47% of the unemployed in the European Union (EU) had been seeking work for more than one year. Long-term unemployment is a major challenge for policymakers. Since the probability of finding a job tends to drop markedly with unemployment duration, many of the affected workers may soon have very limited chances of reemployment, which entails a risk for social cohesion and may lead to high structural unemployment rates.
Σχετικές Αναρτήσεις
- Royo, Sebastian, (2014), “Banks and the political economy of the sovereign debt crisis in Italy and Spain”, CES papers
- Perez, Sofia, (2014), “Eurozone crisis and social models: what we can learn from Italy and Spain”, Minda de Ginzburg Center for European Studies, Harvard University, Open Forum Working Papers #20