Labour Market Transitions of Young People during the Economic Crisis

Sebastian Leitner and Robert Stehrer

No 109, wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: Abstract This paper analyses the impacts of the crisis on various groups in the labour market, providing a comparison across groups of EU countries and individual Central and East European new EU Member States. Particularly it reports how the crisis affected the transitions of people between different states in the labour market employment, unemployment, education and inactivity. Based on EU SILC data, a descriptive overview concerning the changes in transition rates is provided by estimating Markov transition probabilities. This is complemented by a set of probit regression results pointing towards significant changes in the various transitions triggered by the crisis. This is particularly the case for the younger age cohorts and low-educated workers.

Keywords: labour market transitions; crisis effects; young cohorts (search for similar items in EconPapers)
JEL-codes: E24 J23 J63 (search for similar items in EconPapers)
Pages: 34 pages including 17 Tables and 17 Figures
Date: 2014-11
New Economics Papers: this item is included in nep-eur, nep-mac and nep-tra
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