Arbeitspapier
Youth unemployment in the OECD: The role of institutions
This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment. The empirical results are basically consistent with an insider view of labor market institutions. Labor market institutions tend to protect (older) employees but might harm (young) entrants. Remarkable is especially the significant and very high effect of employment protection for regular jobs on youth unemployment. In addition, the combined effects of powerful unions and a coordinated wage bargaining system are beneficial for older people and detrimental to youth. Finally, the paper establishes significant labor supply effects and effects of the education system on youth and total unemployment.
- Language
-
Englisch
- Bibliographic citation
-
Series: ZEW Discussion Papers ; No. 14-080
- Classification
-
Wirtschaft
Institutions and the Macroeconomy
Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
Labor Force and Employment, Size, and Structure
Mobility, Unemployment, and Vacancies: Public Policy
- Subject
-
Youth unemployment
labor market institutions
age-specific unemployment
- Event
-
Geistige Schöpfung
- (who)
-
Sachs, Andreas
Smolny, Werner
- Event
-
Veröffentlichung
- (who)
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Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
-
Mannheim
- (when)
-
2014
- Handle
- URN
-
urn:nbn:de:bsz:180-madoc-372252
- Last update
-
10.03.2025, 11:46 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Sachs, Andreas
- Smolny, Werner
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2014
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