Euro, crisis and unemployment: Youth patterns, youth policies?

Atanu Ghoshray, Javier Ordóñez, Hector Sala

Research output: Contribution to journalArticleResearchpeer-review

20 Citations (Scopus)

Abstract

© 2016 Elsevier B.V. This paper examines the occurrence of structural breaks in European unemployment associated with major institutional events. We uncover different responses of adult and youth unemployment rates. While adult unemployment is more prone to experience structural breaks, youth unemployment is more sensitive to business cycle oscillations, especially in the recent crisis. This calls for fine tuning policy measures specifically targeted to youth unemployed in bad times. One important implication of our findings is that generic labour market reforms are not effective enough to solve the youth unemployment problem. Educational policies raising average qualifications and helping school-to-work transitions are suitable complementary cures.
Original languageEnglish
Pages (from-to)442-453
JournalEconomic Modelling
Volume58
DOIs
Publication statusPublished - 1 Nov 2016

Keywords

  • Crisis
  • Education
  • Eurozone
  • Structural breaks
  • Unemployment
  • Youth

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