Regional Unemployment Persistence (Spain, 1976-94)

Preprint

preprint

Published in RePEc

Abstract

This paper examines the degree of persistence of regional relative unemployment. A theoretical model is built to explain the role of migration, labour-force participation, and real wage flexibility at the regional level, in determining such persistence. The model is used to account for the observed degree of persistence of regional relative unemployment in Spain, as compared to the US and the EU, also providing new estimates on real wage flexibility in Spanish regions.

Keywords

UNEMPLOYMENT PERSISTENCE
RELATIVE UNEMPLOYMENT
DEGREE OF PERSISTENCE
REGIONAL UNEMPLOYMENT
REGIONAL RELATIVE
THEORETICAL MODEL
MIGRATION
SPAIN

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