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dc.contributor.authorVerick, Sheren
dc.date.accessioned2009-11-06-
dc.date.accessioned2010-07-07T12:03:39Z-
dc.date.available2010-07-07T12:03:39Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:101:1-20091105792en
dc.identifier.urihttp://hdl.handle.net/10419/35874-
dc.description.abstractThe current financial and economic crisis has resulted in the worst global recession since World War II. The subsequent destruction of jobs and increased duration of joblessness will ensure that unemployment across the world will continue to rise and stay stubbornly high for some time to come, well after the economy has begun to recover. Beyond this generalization, such downturns have more adverse implications for vulnerable segments of the population such as youth. As presented in this paper, data for both the current and previous financial crises reveals that young people are indeed hit hardest as reflected by rising unemployment rates, which persist long after the economy is growing again. In the wake of the present downturn, young men have been particularly affected, which has been driven by a range of factors including the high proportion of young men in heavily impacted sectors such as construction. In response to this situation, policymakers should utilize targeted crisis interventions that aim to keep youth employed where possible, while also assisting new entrants and those who have lost jobs find employment (or at a minimum stay attached to the labour force), particularly as the economy recovers.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4359en
dc.subject.jelG01en
dc.subject.jelJ21en
dc.subject.jelJ64en
dc.subject.jelJ68en
dc.subject.ddc330en
dc.subject.keywordUnemploymenten
dc.subject.keywordyouth unemploymenten
dc.subject.keywordfinancial crisisen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwWirtschaftskriseen
dc.subject.stwArbeitslosigkeiten
dc.subject.stwJugendarbeitslosigkeiten
dc.subject.stwIndustriestaatenen
dc.titleWho is hit hardest during a financial crisis? The vulnerability of young men and women to unemployment in an economic downturn-
dc.type|aWorking Paperen
dc.identifier.ppn612362876en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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