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Young People and the Great Recession

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  • 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. McGinnity, Fran & Russell, Helen & Watson, Dorothy & Kingston, Gillian & Kelly, Elish, 2014. "Winners and Losers? The Equality Impact of the Great Recession in Ireland," Research Series, Economic and Social Research Institute (ESRI), Economic and Social Research Institute (ESRI), number 265.
  2. Artner, Annamária, 2013. "A fiatalok munkanélküliségének kérdéséhez Európa példáján keresztül
    [Contribution to the problem of the youth unemployment through the example of Europe]
    ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1370-1392.
  3. Andersen, Torben M. & Maibom Pedersen, Jonas & Svarer, Michael & Sørensen, Allan, 2013. "Do Business Cycles Have Long-Term Impact for Particular Cohorts?," IZA Discussion Papers 7817, Institute for the Study of Labor (IZA).
  4. Hutengs, Oliver & Stadtmann, Georg, 2013. "Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries," Discussion Papers 333, European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics.
  5. 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.
  6. 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).
  7. Schmillen, Achim & Umkehrer, Matthias, 2013. "The scars of youth : effects of early-career unemployment on future unemployment experience," IAB Discussion Paper 201306, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
  8. Giovanni Razzu & Carl Singleton, 2013. "Are Business Cycles Gender Neutral?," Economics & Management Discussion Papers, Henley Business School, Reading University em-dp2013-07, Henley Business School, Reading University.
  9. 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.
  10. Pabilonia, Sabrina Wulff, 2014. "The Effects of the Great Recession on Teenagers' Risky Health Behaviors and Time Use," IZA Discussion Papers 8204, Institute for the Study of Labor (IZA).
  11. Bruno Amable, 2013. "Who wants the contrat de travail unique ? Social support for labour market flexibilisation in France," Documents de travail du Centre d'Economie de la Sorbonne 13008, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
  12. David N. F. Bell & David G. Blanchflower, 2013. "How to Measure Underemployment?," Working Paper Series, Peterson Institute for International Economics WP13-7, Peterson Institute for International Economics.
  13. International Labour Office, 2012. "Global employment trends for youth : 2012," Global Employment Trends Reports 480201, International Labour Office, Economic and Labour Market Analysis Department.
  14. João Leão & Guida Nogueira, 2013. "Youth Unemployment in Southern Europe," GEE Papers, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação 0051, Gabinete de Estratégia e Estudos, Ministério da Economia e da Inovação, revised Dec 2013.
  15. Giuseppe Bertola & John Driffill & Harold James & Hans-Werner Sinn & Jan-Egbert Sturm & Ákos Valentinyi, 2013. "Chapter 3: Labour Market Reform and Youth Unemployment," EEAG Report on the European Economy, CESifo Group Munich, vol. 0, pages 73-94, 02.
  16. Martha Starr, 2014. "Gender, added-worker effects, and the 2007–2009 recession: Looking within the household," Review of Economics of the Household, Springer, vol. 12(2), pages 209-235, June.
  17. Haaland, Venke Furre, 2013. "The Lost Generation: Effects of Youth Labor Market Opportunities on Long-Term Labor Market Outcomes," UiS Working Papers in Economics and Finance 2013/8, University of Stavanger.

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