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Few countries have suffered the scourge of high youth unemployment as much as Spain has. There, the unemployment rate for under 25-year-olds exceeded 50% in 2012, nearly three times the OECD average. However, the crisis has not been the only cause of this; in fact, high rates of youth unemployment are not a recent phenomenon in Spain.
This working paper, "Youth Labour Market Performance in Spain and its Determinants: A Micro-level Perspective", tries to untangle the issues and suggest a way forward.
For a...