Youth Unemployment in the OECD: The Role of Institutions
Andreas Sachs () and
Smolny Werner ()
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Smolny Werner: University of Ulm, 89081 Ulm, Germany
Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), 2015, vol. 235, issue 4-5, 403-417
This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment. The empirical results are basically consistent with an insider view of labor market institutions. Labor market institutions tend to protect (older) employees but might harm (young) entrants. Remarkable is especially the significant and very high effect of employment protection for regular jobs on youth unemployment. In addition, the combined effects of powerful unions and a coordinated wage bargaining system are beneficial for older people and detrimental to youth. Finally, the paper identifies a significant link between a demographic as well as an educational factor and both youth and total unemployment.
Keywords: Youth unemployment; labor market institutions; age-specific unemployment (search for similar items in EconPapers)
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Working Paper: Youth unemployment in the OECD: The role of institutions (2014)
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