More alike than different: the Spanish and Irish labour markets before and after the crisis

IZA Journal of European Labor Studies

Table 2 Spain and Ireland at a glance

*Common trends:*	Pre-2007	Post-2007
GDP per capita	rising	falling
GDP growth rates	high	low/negative
Capital stock growth rates*	high	low/negative
Unemployment	falling	rising
Employment creation	high	negative
Construction sector (leading sector)	job creation	job destruction
Welfare entitlements*	falling	rising
Migratory flows	in	out
Housing market	boom	burst
Labour market conditions:‡
Spain	tight	tight
Ireland	flexible	flexible

For * see also Additional file 1: Appendix A (Figures i and iii); and for ‡refer to Figure 1 below.