The Current Crisis Follows the Same Patterns as in 1991 (IMAGE)

Spanish Foundation for Science and Technology

The Current Crisis Follows the Same Patterns as in 1991

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A study at the University of Alcala, Spain, has compared the employment crisis of 1991-1994 with the current crisis from 2007 to 2010, as well as the labor reforms that took place in 1994 and 2010 respectively. Its results show that both the evolution of labor market indicators and the response of financial authorities have been quite similar in terms of timing and the design of measures.

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