Youth Unemployment and Government Policy
CEPR Working Paper No. 1675
Posted: 16 May 1998
There are 2 versions of this paper
Youth Unemployment and Government Policy
Journal of Population Economics, Vol. 12, Issue 2, June 1999
Posted: 13 Jan 2000
Date Written: 1997
Abstract
This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which workers are either young or old. We find that young workers should receive higher vouchers as displacement of the old rises and as the deadweight loss from providing vouchers to the old increases. We provide a simple characterization of the difference between youth and old vouchers in the context of our model.
JEL Classification: J23, J24, J31, J32, J64
Suggested Citation: Suggested Citation
Orszag, J. Michael and Snower, Dennis J., Youth Unemployment and Government Policy (1997). CEPR Working Paper No. 1675, Available at SSRN: https://ssrn.com/abstract=88388
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