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Young People (not) in the Labour Market in Rich Countries during the Great Recession

Author

Listed:
  • Yekaterina Chzhen
  • Dominic Richardson
Abstract
The global financial crisis of 2007/2008 spilled over into the real economy reducing demand for labour and increasing unemployment. Young people were hit hard, with record numbers of 15-24-year-olds out of work and many of them not in education, employment or training (NEET). More than five years since the outbreak of the financial crisis, the economic recovery remains weak and uneven. The study documents a substantial worsening in the youth labour market situation during the Great Recession across the EU and/or OECD, particularly in countries that suffered greater falls in economic output per capita.

Suggested Citation

  • Yekaterina Chzhen & Dominic Richardson, 2014. "Young People (not) in the Labour Market in Rich Countries during the Great Recession," Papers inwopa726, Innocenti Working Papers.
    • Handle: RePEc:ucf:inwopa:inwopa726
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    References listed on IDEAS

    as
    1. Pierre Cahuc & Stéphane Carcillo & Ulf Rinne & Klaus Zimmermann, 2013. "Youth unemployment in old Europe: the polar cases of France and Germany," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-23, December.
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    8. Luisa Natali & Bruno Martorano & Sudhanshu Handa & Goran Holmqvist & Yekaterina Chzhen, 2014. "Trends in Child Well-being in EU Countries during the Great Recession: A cross-country comparative perspective," Papers inwopa730, Innocenti Working Papers.
    9. Stefano Scarpetta & Anne Sonnet & Thomas Manfredi, 2010. "Rising Youth Unemployment During The Crisis: How to Prevent Negative Long-term Consequences on a Generation?," OECD Social, Employment and Migration Working Papers 106, OECD Publishing.
    10. Michael Gebel, 2013. "Is a Temporary Job Better than Unemployment?: A Cross-Country Comparison Based on British, German, and Swiss Panel Data," SOEPpapers on Multidisciplinary Panel Data Research 543, DIW Berlin, The German Socio-Economic Panel (SOEP).
    11. Chaaban, Jad & Cunningham, Wendy, 2011. "Measuring the economic gain of investing in girls : the girl effect dividend," Policy Research Working Paper Series 5753, The World Bank.
    12. David N. F. Bell & David G. Blanchflower, 2011. "Young people and the Great Recession," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 27(2), pages 241-267.
    13. Yekaterina Chzhen & Chris De Neubourg, 2014. "Multiple Overlapping Deprivation Analysis for the European Union (EU-MODA): Technical Note," Papers inwopa710, Innocenti Working Papers.
    14. Misbah Tanveer Choudhry & Enrico Marelli & Marcello Signorelli, 2012. "Youth unemployment rate and impact of financial crises," International Journal of Manpower, Emerald Group Publishing Limited, vol. 33(1), pages 76-95, March.
    15. Gregg, Paul, 2001. "The Impact of Youth Unemployment on Adult Unemployment in the NCDS," Economic Journal, Royal Economic Society, vol. 111(475), pages 626-653, November.
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    Citations

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    Cited by:

    1. Jeremy W Bray & Brooks Depro & Dorren McMahon & Marion Siegle & Lee Mobley, 2016. "Disconnected Geography: A Spatial Analysis of Disconnected Youth in the United States," Journal of Labor Research, Springer, vol. 37(3), pages 317-342, September.
    2. repec:hal:spmain:info:hdl:2441/7gu5r9nb899om9oin7k24kjpgt is not listed on IDEAS
    3. Floro Ernesto Caroleo & Elvira Ciociano & Sergio Destefanis, 2017. "Youth Labour-Market Performance, Institutions and Vet Systems: A Cross-Country Analysis," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 3(1), pages 39-69, March.
    4. Dominic Richardson & Zlata Bruckauf & Emilia Toczydlowska & Yekaterina Chzhen, 2017. "Comparing Child-focused SDGs in High-income Countries: Indicator development and overview," Papers inwopa902, Innocenti Working Papers.
    5. Stéphane Carcillo & Rodrigo Fernandez & Sebastian Königs & Andreea Minea, 2015. "NEET Youth in the Aftermath of the Crisis," SciencePo Working papers Main hal-03429941, HAL.
    6. Stéphane Carcillo & Rodrigo Fernandez & Sebastian Königs & Andreea Minea, 2015. "NEET Youth in the Aftermath of the Crisis," Working Papers hal-03429941, HAL.
    7. Luisa Natali & Bruno Martorano & Sudhanshu Handa & Goran Holmqvist & Yekaterina Chzhen, 2014. "Trends in Child Well-being in EU Countries during the Great Recession: A cross-country comparative perspective," Papers inwopa730, Innocenti Working Papers.

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    More about this item

    Keywords

    european union; temporary employment; unemployment; youth;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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