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Jahrbücher für Nationalökonomie und Statistik

Journal of Economics and Statistics

Editor-in-Chief: Winker, Peter

Ed. by Franz, Wolfgang / Riphahn, Regina / Smolny, Werner / Wagner, Joachim

6 Issues per year


IMPACT FACTOR 2016: 0.156
5-year IMPACT FACTOR: 0.335

CiteScore 2016: 0.33

SCImago Journal Rank (SJR) 2016: 0.227
Source Normalized Impact per Paper (SNIP) 2016: 0.317

Online
ISSN
2366-049X
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Volume 235, Issue 4-5 (Aug 2015)

Issues

Youth Unemployment in the OECD: The Role of Institutions

Dr. Andreas Sachs
  • Prognos AG, Europäisches Zentrum für Wirtschaftsforschung und Strategieberatung, Nymphenburger Str. 14/2. OG, 80335 München, Germany
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/ Prof. Dr. Werner Smolny
Published Online: 2016-03-16 | DOI: https://doi.org/10.1515/jbnst-2015-4-505

Summary

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 identifies a significant link between a demographic as well as an educational factor and both youth and total unemployment.

Keywords: Youth unemployment; labor market institutions; age-specific unemployment

About the article

Published Online: 2016-03-16

Published in Print: 2015-08-01


Citation Information: Jahrbücher für Nationalökonomie und Statistik, ISSN (Online) 2366-049X, ISSN (Print) 0021-4027, DOI: https://doi.org/10.1515/jbnst-2015-4-505.

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© 2015 by Lucius & Lucius, Stuttgart.

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