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Youth Unemployment and Opportunities in the Labour Market – The Myth of Lifelong Hysteresis
Author(s) -
Holm Anders,
Groes Nils,
Honoré Olsen Tina
Publication year - 2001
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/1467-9914.00176
Subject(s) - unemployment , labour economics , economics , graduation (instrument) , hysteresis , flexicurity , discouraged worker , demographic economics , unemployment rate , economic growth , physics , quantum mechanics , geometry , mathematics
This paper examines whether the level of risk of unemployment for recently trained youths in the labour market has lasting effects upon their employment opportunities: will a cohort that enters the labour market during a period of high unemployment have a permanently higher rate of unemployment than one that joins the labour market during a period of low unemployment? The connection between occupational choice and employment status after graduation is also examined The analysis encompasses teachers, engineers and unskilled workers. The conclusion is that troughs and highs in the labour market have a significant but not necessarily permanent effect upon unemployment and placement in different industries.