Youth Unemployment and Government Policy

CEPR Working Paper No. 1675

Posted: 16 May 1998

See all articles by J. Michael Orszag

J. Michael Orszag

Willis Towers Watson - Reigate (Surrey Office); Institute for the Study of Labor (IZA)

Dennis J. Snower

University of Kiel - Institute for World Economics (IfW); Institute for the Study of Labor (IZA); Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

Multiple version iconThere are 2 versions of this paper

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

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

J. Michael Orszag

Willis Towers Watson - Reigate (Surrey Office) ( email )

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Institute for the Study of Labor (IZA)

P.O. Box 7240
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Germany

Dennis J. Snower (Contact Author)

University of Kiel - Institute for World Economics (IfW) ( email )

Duesternbrooker Weg 120
D-24118 Kiel
Germany
+49+431-8814-235 (Phone)

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

Centre for Economic Policy Research (CEPR)

London
United Kingdom

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

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