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Euro, crisis and unemployment: Youth patterns, youth policies?

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  • Ghoshray, Atanu
  • Ordóñez, Javier
  • Sala, Hector

Abstract

This paper examines the occurrence of structural breaks in European unemployment associated with major institutional events. We uncover different responses of adult and youth unemployment rates. While adult unemployment is more prone to experience structural breaks, youth unemployment is more sensitive to business cycle oscillations, especially in the recent crisis. This calls for fine tuning policy measures specifically targeted to youth unemployed in bad times. One important implication of our findings is that generic labour market reforms are not effective enough to solve the youth unemployment problem. Educational policies raising average qualifications and helping school-to-work transitions are suitable complementary cures.

Suggested Citation

  • Ghoshray, Atanu & Ordóñez, Javier & Sala, Hector, 2016. "Euro, crisis and unemployment: Youth patterns, youth policies?," Economic Modelling, Elsevier, vol. 58(C), pages 442-453.
    • Handle: RePEc:eee:ecmode:v:58:y:2016:i:c:p:442-453
    DOI: 10.1016/j.econmod.2016.05.017
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    13. Andrea Ciccarelli & Elena Fabrizi, 2017. "Family Background And Persistence In Neet Status," RIEDS - Rivista Italiana di Economia, Demografia e Statistica - The Italian Journal of Economic, Demographic and Statistical Studies, SIEDS Societa' Italiana di Economia Demografia e Statistica, vol. 71(1), pages 29-40, January-M.
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    More about this item

    Keywords

    Unemployment; Structural breaks; Crisis; Eurozone; Youth; Education;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor

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