The Impact of the Global Financial Crisis on Youth Labour Markets

Pramod (Raja) Junankar

No 8400, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper investigates the impact of the GFC on youth unemployment and long term unemployment. In particular, we study whether the GFC had a bigger impact on youths than adults, and whether youth unemployment rates increased due to an increase in youth wages relative to adult wages. To anticipate our results, we find that the youth unemployment rates increased significantly more than that of adults even though youth wages had been falling relative to adult wages.

Keywords: global financial crisis; youth unemployment; youth labour markets (search for similar items in EconPapers)
JEL-codes: J21 J64 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2014-08
New Economics Papers: this item is included in nep-lab
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Citations: View citations in EconPapers (2)

Published - published in: Economic and Labour Relations Review, 2016, 26 (2), 1-27

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