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Youth earnings and labour market volatility in Europe

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  • Sara AYLLÓN
  • Xavier RAMOS

Abstract

The authors provide new evidence on youth earnings and labour market volatility, including flows into and out of employment, across Europe during the Great Recession. EU‐SILC data for the period 2004–13 reveal large disparities in volatility levels and trends across European countries. As expected, the Great Recession increased youth labour market volatility, offsetting the trends observed over the previous years of economic prosperity. A variance decomposition exercise points to greater exposure to worker turnover in southern Europe. Fixed effects regression on labour market institutions relates higher unemployment benefits and more stringent employment protection legislation to lower earnings and labour market volatility.

Suggested Citation

  • Sara AYLLÓN & Xavier RAMOS, 2019. "Youth earnings and labour market volatility in Europe," International Labour Review, International Labour Organization, vol. 158(1), pages 83-113, March.
    • Handle: RePEc:bla:intlab:v:158:y:2019:i:1:p:83-113
    DOI: 10.1111/ilr.12131
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    2. Piróg Danuta & Hibszer Adam, 2023. "Which Skills are the Most Prized? Analysing Monetary Value of Geographers’ Skills on the Labour Market in Six European Countries," Quaestiones Geographicae, Sciendo, vol. 42(4), pages 63-79, December.
    3. Albena Vutsova & Martina Arabadzhieva, 2022. "Three Eastern Cases of Youth Unemployment Trends – Bulgaria, Romania, Serbia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 94-110.
    4. Sonja BEKKER & Ioana POP, 2020. "Photographs of young generations on the Dutch labour market," International Labour Review, International Labour Organization, vol. 159(2), pages 195-215, June.

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