The effects of macroeconomic conditions on the education and employment outcomes of youth

Nicolas Hérault, Weiping Kostenko, Gary Marks and Rezida Zakirova
Additional contact information
Weiping Kostenko: University of Melbourne
Gary Marks: University of Melbourne

Australian Journal of Labour Economics (AJLE), 2012, vol. 15, issue 1, 17-36

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 cohorts from the Youth in Transition surveys (YIT) and the Longitudinal Surveys of Australian Youth (LSAY) and covers the period from 1985 to 2006, long enough to control explicitly for different macroeconomic conditions. The multivariate analyses show that both the unemployment rates, and to a lesser extent economic growth rates impact on youths’ education and employment outcomes. Although the effects vary significantly by gender and 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. Young men who did not complete secondary school suffer the largest increase in unemployment risks as the unemployment rate increases.

Keywords: Employment; Unemployment; Wages; Intergenerational Income Distribution; Human Capital; Occupational Choice; Labor Productivity (search for similar items in EconPapers)
JEL-codes: E24 I21 J24 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://ftprepec.drivehq.com/ozl/journl/downloads/AJLE151herault.pdf (application/pdf)

Related works:
Working Paper: The Effects of Macroeconomic Conditions on the Education and Employment Outcomes of Youth (2010)
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:ozl:journl:v:15:y:2012:i:1:p:17-36

Access Statistics for this article

More articles in Australian Journal of Labour Economics (AJLE) from Bankwest Curtin Economics Centre (BCEC), Curtin Business School Contact information at EDIRC.
Bibliographic data for series maintained by Sandie Rawnsley ().