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연구보고서CEPR Discussion Papers 11824
Are the Spanish long-term unemployed unemployable?
- 청구기호
- DP 11824
- 발행사항
- London : CEPR, 2017
- 형태사항
- 51 p. :. PDF file ;. 2,009 KB
- 일반주기
- 2017. 2
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소장정보
위치 | 등록번호 | 청구기호 / 출력 | 상태 | 반납예정일 |
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이용 가능 (1) | ||||
E0002439 | 대출가능 | - |
이용 가능 (1)
- 등록번호
- E0002439
- 상태/반납예정일
- 대출가능
- -
- 위치/청구기호(출력)
책 소개
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its persistence using state-of-the-art duration models. We find pervasive evidence of negative duration dependence, while personal characteristics such as mature age, lack of experience, and entitlement to unemployment benefits are key to understand the cross-sectional differences in the incidence of long-term unemployment. The negative impact of low levels of skill and education is muted by the large share of temporary contracts, but once we restrict attention to employment spells lasting at least one month these factors also contribute to a higher risk of long-term unemployment. Surprisingly, workers from the construction sector do not fare worse than similar workers from other sectors. Finally, self-reported reservation wages are found to respond strongly to the cycle, but much less to individual unemployment duration. In view of these findings, we argue that active labour market policies should play a more prominent role in the fight against long-term unemployment while early activation should be used to curb inflows.