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Youth unemployment hysteresis in South Africa: Macro-micro analysis

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  • Asiya Maskaeva
  • Mgeni Msafiri

Abstract

This study simulates the macro-micro economic impacts of the employment policy, focusing on hysteresis in youth unemployment in South Africa. Specifically, we apply a dynamic computable general equilibrium model to calibrate the 2015 South African Social Accounting Matrix to estimate, compare, and determine the impact of employment policy on youth unemployment as well as on aggregate economic outcomes. We simulate two scenarios where we reduce the import price of fuel by 20 per cent.

Suggested Citation

  • Asiya Maskaeva & Mgeni Msafiri, 2021. "Youth unemployment hysteresis in South Africa: Macro-micro analysis," WIDER Working Paper Series wp-2021-20, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2021-20
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2021-20-youth-unemployment-hysteresis-South-Africa.pdf
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    References listed on IDEAS

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    2. Wendy Geza & Mjabuliseni Simon Cloapas Ngidi & Rob Slotow & Tafadzwanashe Mabhaudhi, 2022. "The Dynamics of Youth Employment and Empowerment in Agriculture and Rural Development in South Africa: A Scoping Review," Sustainability, MDPI, vol. 14(9), pages 1-20, April.

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    Keywords

    Computable general equilibrium; Youth unemployment; Employment policy; South Africa;
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