NDLI: Youth unemployment in Europe – business cycle and institutional effects

Content Provider	Springer Nature Link
Author	Dietrich, Hans Möller, Joachim
Copyright Year	2015
Abstract	In the aftermath of the Great Recession 2008/2009 European youth unemployment rose sharply from below 4.2 m in 2007 to more than 5.6 m young people under 25 unemployed in the EU28 countries in 2013. The youth unemployment rate expanded from 15.5 in 2007 to 25.5 in 2013. Beyond the consequences for individuals youth unemployment as a mass phenomenon is potentially menacing the stability of democratic societies. Hence there are good reasons to fight youth unemployment by any means. The paper analyses the specific structure and causes of youth unemployment. Although youth unemployment is also influenced by individual factors like insufficient qualification, we show that country-specific factors - institutions, traditions and characteristic structures - are of high importance in explaining the huge disparities between European countries. Using panel data estimates with specific country and time fixed effects we show that especially the Mediterranean countries responded to the economic downturn in a specific way. However, the high correlation of changes in the youth and adult unemployment rates across countries points to the fact that not only structural factors but also business cycle effects are important for explaining the sharp increase in the youth unemployment rate in Europe. The rise in joblessness is in fact closely related to macroeconomic slackness. Therefore, we argue that a two-handed approach combining institutional improvements with growth stimulating measures is needed to overcome the problem.
Starting Page	5
Ending Page	25
Page Count	21
File Format	PDF
ISSN	16124804
Journal	International Economics and Economic Policy
Volume Number	13
Issue Number	1
e-ISSN	16124812
Language	English
Publisher	Springer Berlin Heidelberg
Publisher Date	2015-11-19
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	International Economics Economic Policy Macroeconomics/Monetary Economics//Financial Economics Public Finance & Economics
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

Britain and Europe: what ways forward?

Out-migration and economic cycles

Intangible investments and international business cycles

Should financial regulators engage in international policy coordination?

Regional business cycle synchronization in Europe?

Business Cycle Synchronisation: Disentangling Trade and Financial Linkages

Monetary policy and financial stability: what role for the interest rate?

Market interventions in times of financial crisis

Monitoring household liquidity constraints across Europe: a panel approach

Youth unemployment in Europe – business cycle and institutional effects

Similar Documents

Britain and Europe: what ways forward?

Out-migration and economic cycles

Intangible investments and international business cycles

Should financial regulators engage in international policy coordination?

Regional business cycle synchronization in Europe?

Business Cycle Synchronisation: Disentangling Trade and Financial Linkages

Monetary policy and financial stability: what role for the interest rate?

Market interventions in times of financial crisis

Monitoring household liquidity constraints across Europe: a panel approach

Youth unemployment in Europe – business cycle and institutional effects