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Impact of public expenditure in labour market policies and other selected factors on youth unemployment

Bibliographic Data

ID15066320
AuthorsIgor Cvecic (0000-0002-1757-7733, University of Rijeka), Danijela Sokolic (0000-0002-6531-8082, University of Rijeka, corresponding author)
Year2018
Volume31
Issue1
Pages2060-2080
Publication date2018-01-01
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2018.1480970
OpenAlexW2788882342
LanguageEN
Citations received5
References cited8

This study investigates the impact of selected macroeconomic, demographic, institutional and educational determinants on youth unemployment rates in Europe, with special attention to effects of Active Labour Market Policies on unemployment dynamics. Dynamic panel data estimates have been done with the Generalised Method of Moments on data from 27 E.U. Members States plus Norway (2005–2014). The results indicate significant impact of the main macroeconomic variables on youth unemployment rates, total unemployment rates and shares of young people (15–24 y.o.) neither employed nor in education or training. Other variables show various levels of significance, including variables which describe labour market policies (L.M.P.s). In all estimations, public expenditure in L.M.P.s as a percentage of gross domestic product has statistically significant impact on unemployment rates, with positive coefficients. However, opposite effects have been estimated when using the number of participants in L.M.P.s and public expenditure in L.M.P.s per unemployed person, which suggests that L.M.P.s better target the general unemployed population than the vulnerable group of the unemployed youth

Demographic economics · Econometrics · Economic growth · Economics · Gross domestic product · Labour economics · Panel data · Percentage point · Population · Sociology · Unemployment · Unemployment rate · Youth unemployment · Demography · Employment and Welfare Studies · Fiscal Policy and Economic Growth · Labor market dynamics and wage inequality

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Citations per year0.83
Citation span2020 - 2025 (6)
Highly citedNo

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