Youth Unemployment: Déjà Vu?
AbstractThis paper reviews current issues in youth labour markets in developed countries. It argues that young people aged 16-25 have been particularly hard hit during the current recession. Using the USA and UK as cast studies, it analyses both causes and effects of youth unemployment using micro-data. It argues that there is convincing evidence that the young are particularly susceptible to the negative effects of spells of unemployment well after their initial experience of worklessness. Because the current youth cohort is relatively large, the longer-term outlook for youth unemployment is quite good, but there is a strong case for policy intervention now to address the difficulties that the current cohort is having in finding access to work.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 4705.
Length: 58 pages
Date of creation: Jan 2010
Date of revision:
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Postal: IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Other versions of this item:
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
- J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
- J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
- J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
- J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-02-13 (All new papers)
- NEP-EEC-2010-02-13 (European Economics)
- NEP-EUR-2010-02-13 (Microeconomic European Issues)
- NEP-HAP-2010-02-13 (Economics of Happiness)
- NEP-LAB-2010-02-13 (Labour Economics)
- NEP-LTV-2010-02-13 (Unemployment, Inequality & Poverty)
You can help add them by filling out this form.
Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Long-term effects of youth unemployment
by chris dillow in Stumbling and Mumbling on 2012-02-15 14:30:44
- Remember the supply-side?
by chris dillow in Stumbling and Mumbling on 2011-02-17 12:41:52
- Structurally high unemployment?
by chris dillow in Stumbling and Mumbling on 2010-08-09 13:37:05
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"The effect of overskilling dynamics on wages,"
Taylor & Francis Journals, vol. 21(3), pages 281-303, July.
- Caliendo, Marco & Künn, Steffen & Schmidl, Ricarda, 2011. "Fighting Youth Unemployment: The Effects of Active Labor Market Policies," IZA Discussion Papers 6222, Institute for the Study of Labor (IZA).
- Elena Simonova & Rock Lefebvre, 2012. "Youth Unemployment in Canada: Challenging Conventional Thinking?," Working Papers 121003, Certified General Accountants Association of Canada.
- Niall O'Higgins, 2005. "The Challenge of Youth Unemployment," Labor and Demography 0507003, EconWPA.
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