Two-Tier Labour Markets in the Great Recession: France Versus Spain

• 成果类型: Article
• 署名作者: Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan J.; Le Barbanchon, Thomas
• 署名单位: Universidad Carlos III de Madrid; Institut Polytechnique de Paris; Ecole Polytechnique
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/j.1468-0297.2012.02534.x
• 发表日期: 2012
• 页码: F155-F187
• 关键词: Employment protection; unemployment; search; Europe; curve; wage

摘要

France and Spain have similar labour market institutions and their unemployment rates were both around 8% just before the Great Recession but subsequently that rate has increased to 10% in France and to 23% in Spain. In this article, we assess the part of this differential that is due to the larger gap between the firing costs of permanent and temporary contracts, and the laxer rules on the use of the latter in Spain. A calibrated search and matching model indicates that Spain could have avoided about 45% of its unemployment surge had it adopted the French employment protection legislation.