Don't trust anybody over 30: Youth unemployment and Okun's law in CEE countries
In recent years youth unemployment rates across Europe soared, causing the European Commission to take actions through initiatives to counter this development. This article examines youth unemployment development in selected CEE countries and compares them to the EU 15. We use Okun's law and estimate age and country specific Okun coefficients for five different age cohorts. Our results show that young people display much higher Okun coefficients than their older peers, thus confirming that young people are more prone to macroeconomic shocks. This result might be a justification for additional governmental intervention and active labour market policies favouring young people.
|Date of creation:||2013|
|Date of revision:|
|Contact details of provider:|| Postal: Grosse Scharrnstrasse 59, 15230 Frankfurt (Oder)|
Phone: +49 (0)335 5534 2387
Fax: +49 (0)335 5534 2516
Web page: http://www.wiwi.euv-frankfurt-o.de/en/index.html
More information through EDIRC
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.:
- Davide Furceri & Aleksandra Zdzienicka, 2011.
"The real effect of financial crises in the European transition economies,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 19(1), pages 1-25, 01.
- Davide Furceri & Aleksandra Zdzienicka-Durand, 2010. "The Real Effect of Financial Crises in the European Transition Economies," Post-Print halshs-00492940, HAL.
- Davide Furceri & Aleksandra Zdzienicka-Durand, 2011. "The Real Effect of Financial Crises in the European Transition Economies," Post-Print halshs-00431044, HAL.
- Davide Furceri & Aleksandra Zdzienicka, 2009. "The Real Effect of Financial Crises in the European Transition Economies," Working Papers 0920, Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure.
- Bell, David N.F. & Blanchflower, David G., 2011.
"Young People and the Great Recession,"
IZA Discussion Papers
5674, Institute for the Study of Labor (IZA).
- Edward S. Knotek & II, 2007. "How useful is Okun's law?," Economic Review, Federal Reserve Bank of Kansas City, issue Q IV, pages 73-103.
When requesting a correction, please mention this item's handle: RePEc:zbw:euvwdp:333. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.