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

Atanu Ghoshray, Javier Ordóñez and Hector Sala

Economic Modelling, 2016, vol. 58, issue C, 442-453

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.

Keywords: Unemployment; Structural breaks; Crisis; Eurozone; Youth; Education (search for similar items in EconPapers)
JEL-codes: F66 J08 J64 O52 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999316301407
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Euro, Crisis and Unemployment: Youth Patterns, Youth Policies? (2016)
Working Paper: Euro, crisis and unemployment: Youth patterns, youth policies? (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:58:y:2016:i:c:p:442-453

DOI: 10.1016/j.econmod.2016.05.017

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().