Youth unemployment in the OECD : the role of institutions


Sachs, Andreas ; Smolny, Werner


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URL: https://ub-madoc.bib.uni-mannheim.de/37225
URN: urn:nbn:de:bsz:180-madoc-372252
Document Type: Working paper
Year of publication: 2014
The title of a journal, publication series: ZEW Discussion Papers
Volume: 14-080
Place of publication: Mannheim
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: E02 , E24 , J21 , J68,
Keywords (English): Youth unemployment , labor market institutions , age-specific unemployment
Abstract: 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.

Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.




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Sachs, Andreas ; Smolny, Werner (2014) Youth unemployment in the OECD : the role of institutions. Open Access ZEW Discussion Papers Mannheim 14-080 [Working paper]
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