Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/120898
Authors: 
Dunsch, Sophie
Year of Publication: 
2015
Series/Report no.: 
Discussion Paper, European University Viadrina, Department of Business Administration and Economics 373
Abstract: 
The unemployment rates, especially youth unemployment rates, increased in various countries of Europe over the last years. This paper examines youth unemployment developments in Germany and Poland with Okun's law to test the hypothesis that young employees are more exposed to the business cycle. I estimate age and country specific Okun coefficients for five different age cohorts. The results show that youth in Poland is more sensitive to the business cycle than adults, while in Germany the difference between the age cohorts is not that distinctive. A further examination of the different labor market institutions regarding youth employment results in policy recommendations beyond GDP growth, such as job-search assistance as short-term and structural reforms regarding education as long-term recommendation.
Subjects: 
Youth Unemployment
Okun's Law
Poland
Germany
JEL: 
E24
J64
Document Type: 
Working Paper

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