Youth Unemployment and Government Policy

Mike Orszag and Dennis Snower

No 1675, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which workers are either young or old. We find that young workers should receive higher vouchers as displacement of the old rises and as the deadweight loss from providing vouchers to the old increases. We provide a simple characterization of the difference between youth and old vouchers in the context of our model.

Keywords: Adult Unemployment; Employment Policy; Long-Term Unemployment; Unemployment Benefits; Youth Unemployment (search for similar items in EconPapers)
JEL-codes: J23 J24 J31 J32 J64 (search for similar items in EconPapers)
Date: 1997-07
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Citations: View citations in EconPapers (1)

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Journal Article: Youth unemployment and government policy (1999)
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