Persistence in Youth Unemployment

Guglielmo Maria Caporale and Luis Gil-Alana

No 3961, CESifo Working Paper Series from CESifo

Abstract: This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries by using two alternative measures: the AR coefficient and the fractional differencing parameter, based on short- and long-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain, Portugal, Ireland and Finland, where appropriate policy actions are of the essence. Specifically, active labour market policies are necessary to prevent short-term unemployment from becoming structural (long-term).

Keywords: youth unemployment; persistence; fractional integration (search for similar items in EconPapers)
JEL-codes: C22 J64 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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