Trésor-Economics No. 174 - Spain's labour market reform: an initial assessment
The economic crisis caused a steep rise in Spain's unemployment rate, from 8% in 2007 to a peak of over 26% in 2013. No other European Union (EU) country reached such levels of unemployment during the crisis except Greece, where the recession was three times as deep as in Spain.Beyond the severe economic downturn, specific characteristics of the Spanish labour market may have helped to drive up un... Lire la suite