This Time It's Different? Youth Labour Markets during ‘The Great Recession’

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. This paper looks at the effects of the 'Great Recession' on young people's labour market experiences in the European Union. The paper documents some of the key characteristics of young people's labour market experiences during the current recession and then seeks to provide some explanations of these applying both cross-section and time series rolling regression models in order, in particular, to better understand the role of labour market institutions as a determining factor of differing experiences across countries. The analysis finds that labour market flexibility contributed significantly to the negative consequences felt by young people during the recession. JEL Classification:I28, J13, J23, J24

The Legacy of the Great Recession in Italy: A Wider Geographical, Gender, and Generational Gap in Working Life Expectancy

“…Differentials in the employment rates of males and females should be reflected in WLE, but might have decreased, as the gap between male and female unemployment rates appears to have closed, at least during the beginning of the recession (e.g., O'Higgins 2011). Moreover, losses in WLE due to the crisis might be more concentrated at younger ages (Dudel et al 2018;O'Higgins 2012). We can also expect to observe regional differences in WLE both before and during the crisis, with the changes in WLE being especially large in the South, which has been more affected by the crisis than the rest of the country (Lagravinese 2015).…”

Impact of Macroeconomic Policy Instruments and External Shock on Unemployment Rate in Malaysia

“…Studies done by Scarpetta, Sonnet and Manfredi, (2010), O'Higgins, (2012) ;Brada, Marelli and Signorelli, (2014) revealed the implication of long-run consequences of unemployment on youth. They found that unemployment led to loss of work experience, reduce earnings for the entire life and poor job quality.…”

Comparing Labor Market Performance: Some Stylized Facts and Key Findings

“…However, studies investigating the impact of the crisis on youth labor market performance are still scarce (Choudhry et al, 2012a, b), especially as regards the risk of creating a 'lost generation' due to the current crisis (Scarpetta et al, 2010). In this issue, O'Higgins (2012) analyzes the effects of the Great Recession on young people's labor market experiences in the European countries during the period 2008-2011, taking into account the role of different labor market institutions.…”