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The causes of youth labour market problems in Spain: out , institutions, or technology shifts?

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  • Felgueroso, Florentino
  • Jimeno, Juan F.

Abstract

An important future of Spanish unemployment, besides being high, is that it has been and still is very unevenly distributed: female and youth unemployment rates have been about 10 and 20 percentage points higher, respectively than aggregate unemployment. The fact that those unemployment differentials have remained more or less constant over the 1980s and 1990s constitutes a puzzle given that there has been a very rapid educational upgrading since the mid- 1980s which has mostly affected precisely females and young workers. In this paper we address that puzzle by using an explanation based on "crowding out" of lower educated workers by higher educated ones who, when searching of frictions exist, accept temporary simple jobs and continue searching for more complex jobs which pay a higher wage.

Suggested Citation

  • Felgueroso, Florentino & Jimeno, Juan F., 1999. "The causes of youth labour market problems in Spain: out , institutions, or technology shifts?," UC3M Working papers. Economics 6155, Universidad Carlos III de Madrid. Departamento de Economía.
    • Handle: RePEc:cte:werepe:6155
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    References listed on IDEAS

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    1. Daron Acemoglu, 1999. "Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence," American Economic Review, American Economic Association, vol. 89(5), pages 1259-1278, December.
    2. Acemoglu, D, 1996. "Good Jobs Versus Bad Jobs : Theory and Some Evidence," Working papers 96-33, Massachusetts Institute of Technology (MIT), Department of Economics.
    3. Daron Acemoglu, 1996. "A Microfoundation for Social Increasing Returns in Human Capital Accumulation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 111(3), pages 779-804.
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    Cited by:

    1. Ángel L. Martín‐Román & Jaime Cuéllar‐Martín & Alfonso Moral, 2023. "Natural and cyclical unemployment: A stochastic frontier decomposition and economic policy implications," Bulletin of Economic Research, Wiley Blackwell, vol. 75(1), pages 5-39, January.
    2. Cuéllar Martín, Jaime & Martín-Román, Ángel L. & Moral, Alfonso, 2017. "A composed error model decomposition and spatial analysis of local unemployment," MPRA Paper 79783, University Library of Munich, Germany.
    3. Dolado, Juan J. & Felgueroso, Florentino & Jimeno, Juan F., 2000. "Youth labour markets in Spain: Education, training, and crowding-out," European Economic Review, Elsevier, vol. 44(4-6), pages 943-956, May.

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