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Young People and the Great Recession

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Author Info

  • Bell, David N.F.

    () (University of Stirling)

  • Blanchflower, David G.

    () (Dartmouth College)

Abstract

This 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 Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5674.

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Length: 37 pages
Date of creation: Apr 2011
Date of revision:
Handle: RePEc:iza:izadps:dp5674

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Keywords: youth unemployment;

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References

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  1. John Van Reenen, 2004. "Active Labor Market Policies and the British New Deal for the Young Unemployed in Context," NBER Chapters, in: Seeking a Premier Economy: The Economic Effects of British Economic Reforms, 1980-2000, pages 461-496 National Bureau of Economic Research, Inc.
  2. 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).
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Cited by:
  1. 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.
  2. 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).
  3. 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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