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The Fall in Consumption from Being Unemployed in Spain and Portugal

Author

Listed:
  • Castillo, Sonsoles
  • Dolado, Juan J.
  • Jimeno, Juan F

Abstract

In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries, can explain this disparity. In this chapter we present some estimates of the loss of consumption suffered by unemployed workers relative to employed workers in Spain and Portugal. The estimates come from comparable data sets (cross-sections of the Household Budget Surveys). Our results confirm our prior findings: this loss is much more sizeable in Portugal.

Suggested Citation

  • Castillo, Sonsoles & Dolado, Juan J. & Jimeno, Juan F, 1998. "The Fall in Consumption from Being Unemployed in Spain and Portugal," CEPR Discussion Papers 1953, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1953
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    Citations

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    Cited by:

    1. Ramon Ballester & Jackeline Velazco & Ricard Rigall-I-Torrent, 2015. "Effects of the Great Recession on Immigrants’ Household Consumption in Spain," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 123(3), pages 771-797, September.
    2. Cristina Bernini & Silvia Emili & Federica Galli, 2021. "Does urbanization matter in the expenditure‐happiness nexus?," Papers in Regional Science, Wiley Blackwell, vol. 100(6), pages 1403-1428, December.
    3. Namkee Ahn, & Juan F. Jimeno & Arantza Ugidos, "undated". "“Mondays at the sun”: Unemployment, Time Use, and Consumption Patterns in Spain," Working Papers 2003-18, FEDEA.

    More about this item

    Keywords

    Consumption; Unemployment; Unemployment Insurance;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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