Don't Trust Anybody Over 30: Youth Unemployment and Okun's Law in CEE Countries

• Autorzy: Oliver Hutengs , Georg Stadtmann
• Języki publikacji: EN

Abstrakty

EN

In recent years youth unemployment rates across Europe soared, causing the European Commission to take actions through initiatives to counter this development. This article examines youth unemployment development in selected CEE countries and compares them to the EU-15. We use Okun's law and estimate age and country specific Okun coefficients for five different age cohorts. Our results show that young people display much higher Okun coefficients than their older peers, thus confirming that young people are more prone to macroeconomic shocks. This result might be a justification for additional governmental intervention and active labour market policies favouring young people. (original abstract)

Słowa kluczowe

EN

Youth unemployment; Labour market; Regression analysis; Okun’s Law

PL

Bezrobocie ludzi młodych; Rynek pracy; Analiza regresji; Prawo Okuna

• Czasopismo: Bank i Kredyt
• Rocznik: 2014
• Numer: nr 1
• Strony: 1--16

Twórcy

autor

Oliver Hutengs

• Europa-Universität Viadrina

autor

Georg Stadtmann

• University of Southern Denmark, Denmark; Europa-Universität Viadrina, Germany

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