Youth unemployment in times of crises in the EU 27
Zein Karsin and
No 72, FiBS-Forum from Forschungsinstitut für Bildungs- und Sozialökonomie (FiBS)
The financial crisis led to rising unemployment levels for adult as well as for youth. The unemployment level rose across the EU 27 after 2008 and peaked only in 2013, i.e. decline started only from 2014 onwards. The middle and high qualified youth (20-29 years old) had the lowest percentage point increase in unemployment between 2007 and 2013, which rose from 7 percent to 11 percent, and managed to reach their pre-crisis levels by 2017. While the low qualified youth were disproportionately hit by the crisis, witnessing an increase in unemployment levels from 13 to 22 percent between 2007 and 2013. Moreover, they have also not managed to return to their pre-crisis unemployment level in 2019.However, it should be noted that while youth unemploymentincreased more in absolute terms relative increase as well as relative difference to overall employment did not change much. This indicates a level effect rather than a mere age effect. [...]
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fibsfo:72
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