Marco Annunziata, 14 May 2012

In Greece and Spain, around half of all workers under 25 are now unemployed. In Italy, Ireland, and Portugal, the rate of youth unemployment is around one in three. But this column argues that we shouldn’t go blaming austerity; even when these countries were booming, youth unemployment was still painfully high. The problem is far deeper.

Samuel Bentolila, Juan Dolado, Juan F Jimeno, 20 January 2012

Spain has a lower public debt-to-GDP ratio than not only Italy, but also France, Germany, and the UK. So why is it threatened with another downgrade? This column points to the fundamental problem with Spain’s economy – the insider-outsider divide that has led to the highest unemployment rate in the Eurozone. It proposes a single open-ended contract for all workers – a difficult solution whose time has come.

Samuel Bentolila, Pierre Cahuc, Juan Dolado, Thomas Le Barbanchon, 22 January 2011

Since the global crisis, unemployment in Spain has soared to 20%, double the EU average. This column compares Spanish unemployment with that of France and argues that differences in employment protection legislation account for nearly half of the dramatic rise in unemployment in Spain. Its findings add further support to calls for a single labour contract in the country.

Maurizio Bovi, 10 November 2010

Workers across Europe are suffering from what economists are calling a dual labour market. One side with permanent jobs, sheltered from risk, leaving the other side – the temporary workers – exposed to the vagaries of the market. This column argues that policymakers need to consider a third dimension – the shadow labour market. If they do not, the column warns that policymakers could make things far worse.


CEPR Policy Research