Young People and the Great Recession
AbstractThis article reviews the effects of the Great Recession on youth labour markets. We argue that young people aged 16-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment using microdata. We argue that there is convincing evidence that the effects of unemployment when young impose costs on individuals and society well into the future. Though the effects of current policies on youth unemployment are uncertain, there is still a strong case for policy intervention to address the difficulties that the young are having in accessing employment.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5674.
Length: 37 pages
Date of creation: Apr 2011
Date of revision:
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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-2011-05-14 (All new papers)
- NEP-LAB-2011-05-14 (Labour Economics)
- NEP-LTV-2011-05-14 (Unemployment, Inequality & Poverty)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Van Reenen, 2004.
"Active Labor Market Policies and the British New Deal for the Young Unemployed in Context,"
in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000, pages 461-496
National Bureau of Economic Research, Inc.
- John Van Reenen, 2003. "Active Labour Market Policies and the British New Deal for the Young Unemployed in Context," NBER Working Papers 9576, National Bureau of Economic Research, Inc.
- Thomas A. Mroz & Timothy H. Savage, 2006. "The Long-Term Effects of Youth Unemployment," Journal of Human Resources, University of Wisconsin Press, vol. 41(2).
- Dodescu Anca & Pop Cohut Ioana & Chirila Lavinia, 2012. "A Proposal Of Model Of Analysis Of The Transition From School To Active Life Of Economists Based On Inter-Regional Labour Market Partnership. Study Case Of Practeam Project," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 185-191, December.
- Biavaschi, Costanza & Eichhorst, Werner & Giulietti, Corrado & Kendzia, Michael J. & Muravyev, Alexander & Pieters, Janneke & Rodríguez-Planas, Núria & Schmidl, Ricarda & Zimmermann, Klaus F., 2012. "Youth Unemployment and Vocational Training," IZA Discussion Papers 6890, Institute for the Study of Labor (IZA).
- Arnstein Aassve & Elena Cottini & Agnese Vitali, 2013. "Youth Vulnerability in Europe during the Great Recession," Working Papers 057, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
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