Youth Unemployment: Key Determinants and the Impact of Crises

Bruno G.S.F., Choudhry M.T., Marelli E., Signorelli M. (2014) Youth Unemployment: Key Determinants and the Impact of Crises. In: Malo M., Sciulli D. (eds) Disadvantaged Workers. AIEL Series in Labour Economics. Springer

Posted: 12 Nov 2018

See all articles by Giovanni S. F. Bruno

Giovanni S. F. Bruno

Bocconi University - Department of Economics

Misbah Tanveer Choudhry

Centre for Research on Economic Empowerment of South Asian Women (CREESAW)

Enrico Marelli

University of Brescia

Marcello Signorelli

University of Perugia - Department of Economics

Date Written: 2014

Abstract

This chapter discusses the impact of various factors on the youth unemployment rate (YUR) with respect to the total unemployment rate. In particular, we use different fixed effect panel models to estimate the role played by macroeconomic and structural conditions (e.g. GDP growth rate, inflation, real interest rate, demographic variables, education), financial crises, institutions and policies (e.g. labour market reforms, ALMPs, overall economic freedom). The econometric analysis is based on a panel of OECD countries for the period 1981–2009. Our empirical analysis confirms the expected role of macroeconomic and structural conditions; it shows the additional effect of financial crises; and it underlines the key importance of various institutions and policies. Most importantly, our results prove the differing magnitudes of the impacts of the above-mentioned factors on youth unemployment with respect to the total unemployment rate. These results have major policy implications also in consideration of the still rising level of youth unemployment, especially in Europe.

Keywords: Youth unemployment, Financial crises, Macroeconomic conditions, Institutions and policies

Suggested Citation

Bruno, Giovanni S. F. and Choudhry, Misbah Tanveer and Marelli, Enrico Piero and Signorelli, Marcello, Youth Unemployment: Key Determinants and the Impact of Crises (2014). Bruno G.S.F., Choudhry M.T., Marelli E., Signorelli M. (2014) Youth Unemployment: Key Determinants and the Impact of Crises. In: Malo M., Sciulli D. (eds) Disadvantaged Workers. AIEL Series in Labour Economics. Springer, Available at SSRN: https://ssrn.com/abstract=3269993

Giovanni S. F. Bruno (Contact Author)

Bocconi University - Department of Economics ( email )

Via Gobbi 5
Milan, 20136
Italy

Misbah Tanveer Choudhry

Centre for Research on Economic Empowerment of South Asian Women (CREESAW) ( email )

157-Bradley Road
Luton
London, Bedfordshire LU40AR
United Kingdom

HOME PAGE: http://www.creesaw.org

Enrico Piero Marelli

University of Brescia ( email )

Department of Economics and Management
Via San Faustino 74B
Brescia, BS 25122
Italy
0302988828 (Phone)

Marcello Signorelli

University of Perugia - Department of Economics ( email )

via Pascoli, 20
PG 06123 Perugia, 06123
Italy

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