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Title:Persistence in youth unemployment PDF Logo
Authors:Caporale, Guglielmo Maria
Gil-Alana, Luis A.
Issue Date:2012
Series/Report no.:CESifo Working Paper: Labour Markets 3961
Abstract:This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries by using two alternative measures: the AR coefficient and the fractional differencing parameter, based on short- and long-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain, Portugal, Ireland and Finland, where appropriate policy actions are of the essence. Specifically, active labour market policies are necessary to prevent short-term unemployment from becoming structural (long-term).
Subjects:youth unemployment
persistence
fractional integration
JEL:C22
J64
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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