Two‐Tier Labour Markets in the Great Recession: FranceVersusSpain
法国和西班牙在大衰退前失业率相近，但之后西班牙失业率飙升远超法国。本文通过模型分析发现，若西班牙采用法国的就业保护立法，可避免约45%的失业激增。
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.