Youth Unemployment: Key Determinants and the Impact of Crisis

Giovanni Bruno (), Misbah T. Choudhry, Enrico Marelli and Marcello Signorelli
Additional contact information
Misbah T. Choudhry: Lahore University of Management Sciences

Chapter 7 in Disadvantaged Workers, 2014, pp 121-148 from AIEL - Associazione Italiana Economisti del Lavoro

Abstract: This chapter discusses the impact of various factors on the youth unemployment rate (YUR) with respect to the total unemployment rate. In particular, we use different fixed effect panel models to estimate the role played by macroeconomic and structural conditions (e.g. GDP growth rate, inflation, real interest rate, demographic variables, education), financial crises, institutions and policies (e.g. labour market reforms, ALMPs, overall economic freedom). The econometric analysis is based on a panel of OECD countries for the period 1981–2009. Our empirical analysis confirms the expected role of macroeconomic and structural conditions; it shows the additional effect of financial crises; and it underlines the key importance of various institutions and policies. Most importantly, our results prove the differing magnitudes of the impacts of the above-mentioned factors on youth unemployment with respect to the total unemployment rate. These results have major policy implications also in consideration of the still rising level of youth unemployment, especially in Europe.

Keywords: Youth unemployment; Financial crises; Macroeconomic conditions; Institutions and policies (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://link.springer.com/chapter/10.1007/978-3-319-04376-0_7 (text/html)
external link

Related works:
Chapter: Youth Unemployment: Key Determinants and the Impact of Crises (2014)
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:ail:chapts:07-07

Access Statistics for this chapter

More chapters in AIEL Series in Labour Economics from AIEL - Associazione Italiana Economisti del Lavoro Contact information at EDIRC.
Bibliographic data for series maintained by Lia Ambrosio ().