The Effects of Macroeconomic Conditions on the Education and Employment Outcomes of Youth

Nicolas Hérault, Weiping Kostenko, Gary Marks and Rezida Zakirova
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Weiping Kostenko: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne
Gary Marks: Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

Melbourne Institute Working Paper Series from Melbourne Institute of Applied Economic and Social Research, The University of Melbourne

Abstract: This paper examines the impact of macroeconomic conditions on the education and employment outcomes of youths in school-to-work transition. The dataset is based on five different cohorts from the Youth in Transition surveys (YIT) and the Longitudinal Surveys of Australian Youth (LSAY) and covers the period from 1985 to 2006, which is long enough to control explicitly for both poor and positive macroeconomic conditions. The multivariate analyses show that both the unemployment rates, and to a lesser extent economic growth rates, have an impact on youths' education and employment outcomes. Although the effects vary significantly by gender an education level, overall the results reveal that poor macroeconomic conditions tend to drive young people out of full-time work and into inactivity or part-time work. In addition, poor macroeconomic conditions tend to discourage further education. A result worth noticing is that males who did not complete secondary school suffer the largest increase in unemployment risks as the unemployment rate increases.

Pages: 30 pages
Date: 2010-03
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
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http://melbourneinstitute.unimelb.edu.au/downloads ... series/wp2010n02.pdf (application/pdf)

Related works:
Journal Article: The effects of macroeconomic conditions on the education and employment outcomes of youth (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:iae:iaewps:wp2010n02

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