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The Impact of Youth Unemployment Policy: A Shift of Workers into the Skilled Labour Force
Author(s) -
Filges Trine,
Larsen Birthe
Publication year - 2004
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/j.1121-7081.2004.00270.x
Subject(s) - unemployment , labour economics , welfare , youth unemployment , economics , distribution (mathematics) , discouraged worker , demographic economics , unemployment rate , economic growth , mathematical analysis , mathematics , market economy
. This paper examines the impact on unemployment, wages, distribution and welfare of Youth Unemployment Programmes (YUPs). The aim of YUPs is to increase the number of young people acquiring skills and thereby reduce unemployment. We consider the assumption of a completely successful YUP, which delivers higher skills, and analyse what happens when the number of skilled workers increases relative to the number of unskilled workers. The analysis uses a search model with heterogeneous workers and jobs.