Youth and the Labor Market in Canada Since the Great Recession

2020 ◽  
pp. 122-131
Author(s):  
Samir Amine ◽  
Wilner Predelus
Keyword(s):  
Labor Market ◽  
Older People ◽  
Labor Force ◽  
Unemployment Rate ◽  
Marked Improvement ◽  
Youth Unemployment ◽  
Gender Disparities ◽  
Unemployment Rates ◽  
The Great Recession ◽  
First Time

In Canada, recent data show a marked improvement in the youth unemployment rate for the first time since the last recession, although their participation in the labor force remains below the expected thresholds. In the context of a historically low unemployment rate, this chapter aims to dig deeper into the data to understand how youth has fared in the labor market since the last recession compared to the older people, and mainly in the area of gender disparities. In this context, the authors analyze the unemployment and the participation rates by age and by sex. Furthermore, they provide an insight on the youth regional unemployment rates.

scholarly journals The State of States’ Unemployment in the Fourth District

2017 ◽  
pp. 1-4
Author(s):  
Murat Tasci ◽  
Caitlin Treanor
Keyword(s):  
Labor Market ◽  
Unemployment Rate ◽  
Normal Level ◽  
Great Recession ◽  
State Level ◽  
The State ◽  
Us States ◽  
Unemployment Rates ◽  
The Great Recession ◽  
Business Cycle Fluctuations

Unemployment rates vary across individual US states at any point in time and respond to business-cycle fluctuations differently. Evaluating what constitutes a "normal" level for the unemployment rate at the state level is not easy, but it is an important issue for policymakers. We introduce a framework that enables us to calculate the normal unemployment rate for each of the four states in the Fourth District and compare that rate to the national normal rate. We conclude that these states and the District as a whole have very little labor market slack left from the Great Recession.

scholarly journals Youth Unemployment and Productivity-Pay in the GCC Countries

2021 ◽  
Author(s):  
Wasseem Mina
Keyword(s):  
Labor Market ◽  
Gender Bias ◽  
Social Contract ◽  
Unemployment Rate ◽  
Youth Unemployment ◽  
High Income ◽  
Unemployment Rates ◽  
Female Youth ◽  
Gcc Countries ◽  
Foreign Labor

Although the total youth unemployment rate in the Gulf Cooperation Council countries is less than in other high-income countries, the female youth unemployment rate is more than quadruple the male youth unemployment rate compared to equal rates in high-income countries. The gender bias in youth unemployment is attributable to the generous social contract GCC nationals enjoy as well as the largely conservative GCC culture that perceives a more important role of women in the household than in the job market. The generous social contract is also a key factor in the duality of the GCC labor markets with one segment for national labor and the other for foreign labor. Foreign labor constitutes most of the labor force, and the link between pay and productivity is strong in the foreign labor segment indicating labor market efficiency. This chapter investigates whether the presence of strong pay-productivity links in both labor market segments reduces the national youth unemployment rates in the GCC countries. Empirical evidence shows that linking pay to productivity robustly reduces the total and female youth unemployment rates. The influence is strongest on the female youth unemployment rate, however. Productivity-pay helps reduce youth unemployment and the associated gender bias.

scholarly journals Unemployment and COVID-19 Impact in Greece: A Vector Autoregression (VAR) Data Analysis

2021 ◽  
Vol 5 (1) ◽  
pp. 41
Author(s):  
Christos Katris
Keyword(s):  
Data Analysis ◽  
Response Function ◽  
Unemployment Rate ◽  
Vector Autoregression ◽  
Impulse Response Function ◽  
Youth Unemployment ◽  
The Other ◽  
Var Model ◽  
Unemployment Rates ◽  
The Impact

In this paper, the scope is to study whether and how the COVID-19 situation affected the unemployment rate in Greece. To achieve this, a vector autoregression (VAR) model is employed and data analysis is carried out. Another interesting question is whether the situation affected more heavily female and the youth unemployment (under 25 years old) compared to the overall unemployment. To predict the future impact of COVID-19 on these variables, we used the Impulse Response function. Furthermore, there is taking place a comparison of the impact of the pandemic with the other European countries for overall, female, and youth unemployment rates. Finally, the forecasting ability of such a model is compared with ARIMA and ANN univariate models.

scholarly journals The marriage unemployment gap

2017 ◽  
Vol 18 (1) ◽  
Author(s):  
Sekyu Choi ◽  
Arnau Valladares-Esteban
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Unemployment Rate ◽  
Crucial Role ◽  
Transition Probabilities ◽  
Demographic Changes ◽  
Men And Women ◽  
Main Driver ◽  
Married Individuals ◽  
Flow Decomposition

Abstract In this paper we document that married individuals face a lower unemployment rate than their single counterparts. We refer to this phenomenon as the marriage unemployment gap. Despite dramatic demographic changes in the labor market over the last decades, this gap has been remarkably stable both for men and women. Using a flow-decomposition exercise, we assess which transition probabilities (across labor force states) are behind this phenomenon: For men, the main driver is the higher job losing probabilities faced by single workers. For females, the participation margin also plays a crucial role.

scholarly journals IMPACT OF THE COVID-19 PANDEMIC ON YOUTH UNEMPLOYMENT IN THE EUROPEAN UNION

2020 ◽  
Vol 15 (1) ◽  
pp. 55-63
Author(s):  
Maya Lambovska ◽  
Boguslava Sardinha ◽  
Jaroslav Belas, Jr.
Keyword(s):  
Economic Growth ◽  
European Union ◽  
Czech Republic ◽  
Young People ◽  
Unemployment Rate ◽  
Youth Unemployment ◽  
The European Union ◽  
The Czech Republic ◽  
Unemployment Rates ◽  
The Eu

Youth unemployment is a problem in each member country of the European Union (EU). The EU seeks to alleviate this problem by implementing various programs to support young people in finding and keeping a job, thus contributing to economic growth. In 2020, the world was hit by the COVID-19 pandemic. The countries have introduced many strict measures to prevent its spread, but they have caused a significant increase in unemployment, including among young people, and thus harmed economic growth. In this paper, we analyze the unemployment of people under the age of twenty-five in the EU. We also point out how unemployment rates have increased in individual countries. This problem concerns not only countries where the youth unemployment rate had been high already, such as Greece, Spain, and Italy, but also countries with previously lower rates, for example, the Czech Republic, Netherland, Poland, and Slovenia. In the latter group of countries, the youth unemployment rate has doubled in some cases due to anti-pandemic measures. We found that the most affected countries in this regard are the aforementioned Czech Republic, where the unemployment rate at the end of 2020 rose to 2.19 times above the level at the end of 2019, and Estonia, where year-over-year youth unemployment rose by a factor of 2.5. However, unfavorable developments occurred also in Lithuania, Latvia, and Ireland. According to our results, in 2020, youth unemployment increased the least in Hungary, Italy, and Belgium. In general, however, as the situation is now much more urgent, measures to alleviate this problem need to be put in place in each country to help young people find employment and, thus, stimulate economic growth.

EMPLOYMENT OF YOUTH AND OLDER PEOPLE IN THE LABOR MARKET OF THE TYUMEN REGION: ANALYSIS BASED ON MICRODATA

2021 ◽  
Vol 7 (3) ◽  
pp. 160-178
Author(s):  
Daria Yu. SHMUNK ◽  
Marina A. GILTMAN
Keyword(s):  
Labor Market ◽  
Young People ◽  
Older People ◽  
Labor Force ◽  
Structural Changes ◽  
Individual Characteristics ◽  
Economic Behavior ◽  
Sample Survey ◽  
Federal State ◽  
The Individual

The unfavorable demographic trends of an aging population are leading to a reduction in the size of the labor force and its structural changes. Young people and older people are the most vulnerable applicants for employment in the labor market. The economic behavior of young people and older people is still insufficiently studied at the regional level. This study analyzes the situation within the region. For instance, the Tyumen region without autonomous okrugs was selected, as a region characterized by a stable situation on the labor market with a fairly diversified structure of the economy (therefore, the study did not include the northern autonomous okrugs). Microdata of a sample survey of the labor force of the Federal State Statistics Service were used as a basis for the analysis. Using binary logit models, the probabilities of being employed in the Tyumen region at the age of 20 29 and 55-64 are estimated, taking into account the type of settlement and the individual characteristics of the employee. Estimates are given for the Tyumen region and Russia for 2010, 2015 and 2019.The results showed that the greatest contribution to the probability of employment is made by education (higher, secondary and primary vocational) and young age, which is especially typical for the Tyumen region. Men are more likely to be employed both in the region and in the rest of the country than women. Living in a city in 2010 and 2015 reduced the likelihood of employment in the Tyumen region, in 2019 it increased. For the rest of Russia, the marginal effects (slope coefficients) for the variable of urban residence in all years were small but positive.

scholarly journals Unemployment Invariance

2004 ◽  
Vol 5 (3) ◽  
pp. 297-317 ◽  
Author(s):  
Marika Karanassou ◽  
Dennis J. Snower
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Unemployment Rate ◽  
Capital Stock ◽  
Growth Path ◽  
Long Run ◽  
Endogenous Growth Model ◽  
Working Age ◽  
Invariance Hypothesis ◽  
Working Age Population

Abstract This paper provides a critique of the ‘unemployment invariance hypothesis’, according to which the behavior of the labor market, by itself, ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and the labor force. In the context of an endogenous growth model, we show that the labor market alone need not contain all the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the equilibrating process as well. By implication, policies that raise the growth path of capital or increase the effective working-age population may influence the long-run unemployment rate.

Labor Market and Household Debt in Asia Pacific Countries: Dynamic Heterogeneous Panel Data Analysis

2019 ◽  
Vol 10 (02) ◽  
pp. 1950011 ◽  
Author(s):  
Suhal Kusairi ◽  
Suriyani Muhamad ◽  
M Musdholifah ◽  
Shu-Chen Chang
Keyword(s):  
Labor Market ◽  
Panel Data ◽  
Labor Force ◽  
Unemployment Rate ◽  
Panel Data Analysis ◽  
Housing Price ◽  
Asia Pacific ◽  
Household Debt ◽  
Dependency Ratio ◽  
Long Run

An overwhelming increase in household debt in the last decade has stirred researchers to explore the determinants of this phenomena, especially the role of the labor market. This paper comes to identify these determinants using the macro panel data from Asia Pacific countries for 1994–2016 and dynamic heterogeneous panel data analysis. The empirical results found that household consumption, housing price index, and labor force have a long-run positive relationship with household debt. In contrast, the unemployment rate and dependency ratio have a long-run negative relationship with household debt. This implies that when consumption, housing price, and labor force increase, then the household debt will increase, and when the unemployment rate and dependency ratio increase, the household debt will decrease. Also, in the short-run, public debt does affect private consumption, and it is not different among countries. The labor market, as represented by the unemployment rate, dependency ratio, and labor force, has a strong effect on the household debt in the long-run. Based on these findings, the government should pay more attention to the household debt related to property and commodity markets because they expose the short-run volatility and create problems for the long-term.

scholarly journals From Sick Man of Europe to Economic Superstar: Germany's Resurgent Economy

2014 ◽  
Vol 28 (1) ◽  
pp. 167-188 ◽  
Author(s):  
Christian Dustmann ◽  
Bernd Fitzenberger ◽  
Uta Schönberg ◽  
Alexandra Spitz-Oener
Keyword(s):  
Labor Market ◽  
Great Recession ◽  
Governance Structure ◽  
The United States ◽  
Labor Market Institutions ◽  
Sharp Decline ◽  
Market Institutions ◽  
Unemployment Rates ◽  
The Great Recession ◽  
Time Record

In the late 1990s and into the early 2000s, Germany was often called “the sick man of Europe.” Indeed, Germany's economic growth averaged only about 1.2 percent per year from 1998 to 2005, including a recession in 2003, and unemployment rates rose from 9.2 percent in 1998 to 11.1 percent in 2005. Today, after the Great Recession, Germany is described as an “economic superstar.” In contrast to most of its European neighbors and the United States, Germany experienced almost no increase in unemployment during the Great Recession, despite a sharp decline in GDP in 2008 and 2009. Germany's exports reached an all-time record of $1.738 trillion in 2011, which is roughly equal to half of Germany's GDP, or 7.7 percent of world exports. Even the euro crisis seems not to have been able to stop Germany's strengthening economy and employment. How did Germany, with the fourth-largest GDP in the world transform itself from “the sick man of Europe” to an “economic superstar” in less than a decade? We present evidence that the specific governance structure of the German labor market institutions allowed them to react flexibly in a time of extraordinary economic circumstances, and that this distinctive characteristic of its labor market institutions has been the main reason for Germany's economic success over the last decade.

scholarly journals The impact of macroeconomic and structural factors on the unemployment of young women and men

2021 ◽  
Author(s):  
Beata Bal-Domańska
Keyword(s):  
Labor Market ◽  
Unemployment Rate ◽  
Youth Unemployment ◽  
Structural Factors ◽  
Knowledge Based ◽  
Econometric Methods ◽  
Knowledge Based Economy ◽  
Econometric Analyses ◽  
Macroeconomic Determinants ◽  
The Impact

AbstractThe presented article follows the research mainstream of econometric analyses focused on the assessment of correlations between youth unemployment rate and market and macroeconomic determinants, including economic growth and productivity of the economy, its structure in terms of NACE Rev.2 sections as well as the labor market tools. The research addresses 28 European Union (EU) countries. The analysis period covers the years 2008–2018. The econometric methods dedicated to panel data were used. The research results confirm the importance of the general economic condition as well as the development of knowledge-based economy for the improvement of the youth situation in the labor market. With regard to the economy structure, the development of manufacturing section importance turned out to be a major factor in female youth unemployment rate reduction. The growing importance of the construction sector translated into a decline in the unemployment rate among young men.

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