Date of Submission
Campus Only Senior Thesis
Bachelor of Arts
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.
Terni, Celeste, "Spanish Employment's Never-Ending Siesta: An Investigation of Hysteresis" (2019). CMC Senior Theses. 2034.
This thesis is restricted to the Claremont Colleges current faculty, students, and staff.