Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52025
Authors: 
Bell, David N. F.
Blanchflower, David G.
Year of Publication: 
2011
Series/Report no.: 
Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5673
Abstract: 
This paper focuses particularly on youth unemployment, why we should be concerned about it, why it is increasing again, how the present difficulties of young people entering the labour market differ from those of the past and what useful lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other countries where appropriate. Our analysis of the UK NCDS birth cohort data provides evidence supporting the notion that early adulthood unemployment creates long lasting scars which affect labour market outcomes much later in life. Our chosen variables are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These affects are stronger than more recent unemployment experiences.
Subjects: 
youth unemployment
scarring effects
happiness
JEL: 
J31
J64
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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