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Youth Labour Flows and Unemployment in Great Recession: Comparing Spain and the Czech Republic
[journal article]
Abstract Using Spain and the Czech Republic as examples of two EU countries with different labour market performance, we apply a gross flow analysis based on EU-SILC longitudinal data. We find that while in Spain the increases in youth unemployment are driven mostly by young people who lose their jobs, in th... view more
Using Spain and the Czech Republic as examples of two EU countries with different labour market performance, we apply a gross flow analysis based on EU-SILC longitudinal data. We find that while in Spain the increases in youth unemployment are driven mostly by young people who lose their jobs, in the Czech Republic, this is mainly due to new labour market entrants who failed to find a job. The analysis of flow transition rates suggests that youth labour markets with enormously high unemployment rates have not failed in all relevant respects. Their development seems to be hindered predominantly by high risk of job losses and diminishing employment prospects of the unemployed, rather than by impeded transitions from inactivity to employment. In countries with lower youth unemployment rates, unemployment policy agenda appears to be challenged by quite the opposite tendency.... view less
Keywords
Spain; Czech Republic; unemployment; young adult; job loss; job search; labor market; labor market trend; comparative research
Classification
Labor Market Research
Free Keywords
Flow transition rates; Gross labour market flows; European Union Statistics on Income and Living Conditions (EU-SILC)
Document language
English
Publication Year
2015
Page/Pages
p. 179-195
Journal
Review of Economic Perspectives, 15 (2015) 2
DOI
https://doi.org/10.1515/revecp-2015-0016
ISSN
1804-1663
Status
Published Version; peer reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 3.0