Graduation Year
2019
Date of Submission
12-2018
Document Type
Campus Only Senior Thesis
Degree Name
Bachelor of Arts
Department
Economics
Reader 1
Manfred Keil
Terms of Use & License Information
OCLC Record Number
1091051482
Abstract
The thesis investigates the behavior of Spain’s persistently high unemployment rate. Rigid labor laws, unemployment insurance generosity, and the demographics of the unemployed are part of the cause, but they are only underlying factors driving the hysteresis that has been present for nearly four decades. The thesis attempts to extract explanations for this persistence by comparing Spain to other countries, such as its next-door neighbor, Portugal. Special attention is placed on the role that recessions and subsequent changes in real GDP growth play in sustaining a high rate of unemployment.
Recommended Citation
Terni, Celeste, "Spanish Employment's Never-Ending Siesta: An Investigation of Hysteresis" (2019). CMC Senior Theses. 2034.
https://scholarship.claremont.edu/cmc_theses/2034
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.
