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Can welfare and labour market regimes explain cross‐country differences in the unemployment of young people?
Author(s) -
TAMESBERGER Dennis
Publication year - 2017
Publication title -
international labour review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.433
H-Index - 46
eISSN - 1564-913X
pISSN - 0020-7780
DOI - 10.1111/ilr.12040
Subject(s) - unemployment , economics , welfare , apprenticeship , labour economics , youth unemployment , social security , active labour market policies , institution , demographic economics , market economy , economic growth , sociology , social science , linguistics , philosophy
No single institution can reduce (long‐term) youth unemployment. Welfare and labour market institutions function as “bundles”, through multiple inter‐institutional synergies. Based on a focused literature review for theory and on cluster analysis for empirics, the author identifies five such regimes across the EU‐27 and estimates their effects on the youth unemployment ratio and on long‐term youth unemployment. The most helpful institutional arrangement for young people in the labour market would be a combination of strong dual apprenticeship embedded in a corporatist labour market regime with high levels of social security, active labour market policy, and spending on education and childcare.