Labour Market Transitions of Young People during the Economic Crisis

Arbeitspapier

Abstract This paper analyses the impacts of the crisis on various groups in the labour market, providing a comparison across groups of EU countries and individual Central and East European new EU Member States. Particularly it reports how the crisis affected the transitions of people between different states in the labour market employment, unemployment, education and inactivity. Based on EU SILC data, a descriptive overview concerning the changes in transition rates is provided by estimating Markov transition probabilities. This is complemented by a set of probit regression results pointing towards significant changes in the various transitions triggered by the crisis. This is particularly the case for the younger age cohorts and low-educated workers.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: wiiw Working Paper ; No. 109

Classification and Topics

• Classification: Wirtschaft ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Labor Demand ; Labor Turnover; Vacancies; Layoffs
• Subject: labour market transitions ; crisis effects ; young cohorts

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Leitner, Sebastian ; Stehrer, Robert
• Event: Veröffentlichung
• (who): The Vienna Institute for International Economic Studies (wiiw)
• (where): Vienna
• (when): 2014

Further information

• Handle: http://hdl.handle.net/10419/203974
• Last update: 10.03.2025, 11:43 AM CET