Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71110
Authors: 
Hutengs, Oliver
Stadtmann, Georg
Year of Publication: 
2013
Series/Report no.: 
Discussion Paper, European University Viadrina, Department of Business Administration and Economics 333
Abstract: 
In recent years youth unemployment rates across Europe soared, causing the European Commission to take actions through initiatives to counter this development. This article examines youth unemployment development in selected CEE countries and compares them to the EU 15. We use Okun's law and estimate age and country specific Okun coefficients for five different age cohorts. Our results show that young people display much higher Okun coefficients than their older peers, thus confirming that young people are more prone to macroeconomic shocks. This result might be a justification for additional governmental intervention and active labour market policies favouring young people.
Subjects: 
Okun's law
labor market
youth unemployment
JEL: 
E24
F50
C23
Document Type: 
Working Paper

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