Abstract
Ever since the sixties, studies on Spanish economic development have dealt with the importance for this process of Spanish foreign emigration movements. This article is an analysis of the size of this emigration and its impact on the Spanish labour market. Until now, Spanish emigration has been regarded as a safety valve for the active population, which diminished the tensions within the Spanish labour market and thus explained the low unemployment rates during the development period. The data and estimations presented in this paper challenge this traditional interpretation and put forward more balanced conclusions. Emigration to Europe during the sixties did not relieve the pressure on the Spanish labour market, nor did the return of emigrants later affect negatively the rise of unemployment in the seventies.
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