Young, Educated, Unemployed

Sena Coskun

No 19351, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: In a number of European countries, unemployment rates for young college graduates are higher than for young high school graduates. This presents a challenge for canonical models of unemployment that suggest that unemployment should decrease with education. I offer a framework based on a search and matching model with productivity differences and the possibility of mismatch where relative efficiencies are estimated using the wage data and the structure of the model. My counterfactual analysis shows that the productivity channel is crucial in explaining relative unemployment rates whereas labor market frictions are crucial in estimating relative efficiencies.

JEL-codes: E24 J21 J24 J31 J64 (search for similar items in EconPapers)
Date: 2024-08
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Working Paper: Young, Educated, Unemployed (2020)
Working Paper: Young, Educated, Unemployed (2019)
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