Introduction: Young People and the Labor Market: Key Determinants and New Evidence

Brada, Josef C.; Marelli, Enrico; Signorelli, Marcello

doi:10.1057/ces.2014.30

Cited by 32 publications

(34 citation statements)

References 16 publications

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“…Studies done by Scarpetta, Sonnet and Manfredi, (2010), O'Higgins, (2012) ;Brada, Marelli and Signorelli, (2014) revealed the implication of long-run consequences of unemployment on youth. They found that unemployment led to loss of work experience, reduce earnings for the entire life and poor job quality.…”

Section: Responsibility Of the Conference Organization Committeementioning

confidence: 99%

Impact of Macroeconomic Policy Instruments and External Shock on Unemployment Rate in Malaysia

Kaur¹,

Zaharudin²

2016

European Proceedings of Social &Amp; Behavioural Sciences

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This paper examines the impact of macroeconomic policy instruments and external shock on unemployment rate in Malaysia. Using the quarterly data from 2006(Quarter 1) to 2015 (Quarter 4) the study found that GDP growth, price of oil, broad money supply and average overnight interbank rate have significant and negative impact on unemployment rate in Malaysia. The findings of the study also indicate the existence of Okun's law which postulates A positive relationship between GDP and unemployment. Policy makers could formulate policies related to the above macroeconomic variable to enhance unemployment reduction. On the other hand, the inflation rate shows a positive effect but is not significant.

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Section: Responsibility Of the Conference Organization Committeementioning

confidence: 99%

Impact of Macroeconomic Policy Instruments and External Shock on Unemployment Rate in Malaysia

Kaur¹,

Zaharudin²

2016

European Proceedings of Social &Amp; Behavioural Sciences

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“…It is a waste of productive resources (Brada, Marelli, & Signorelli, 2014), a failure of investment made by students and their family on higher education (Kinash et al, 2014). It is also a loss of human capital investment.…”

Section: Literature Reviewmentioning

confidence: 99%

“…For individual graduates, being not able to successfully negotiate transition to employment prevents them getting access to individual valuable benefits that they would enjoy if employed, such as financial independence, social networks or self-esteem (Tilbury, Creed, Buys, & Crawford, 2011). Unemployment prevents the accumulation of work experience, and this certainly creates negative effects on individual income and future career possibilities (Brada et al, 2014), and more seriously, it increases the risk of these young people being excluded from the labour market for the long term (Bell & Blanchflower, 2011). Thus, there is a pressing call from the government as well as from all other stakeholders for universities to enhance employability for students, and to make sure that students are work-ready at the point of graduation.…”

Section: Literature Reviewmentioning

confidence: 99%

The Loose University-Industry Connection and the Students’ Misconception About Their Employability

2017

APJCECT

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Although training high skilled labour force for the industry is considered one of the central missions of the higher education training in Vietnam, there is a popular claim in the literature about the disappointment among employers about the work-readiness of university graduates. One of the critical influencing factors is students' perception about their 'assets' for employment, as this will determine their actions and decide their employability. This study investigates and compares the perspectives of employers and students on the issues of students' employability assets. The research findings were drawn from a mix method research project. The analysis of the quantitative data revealed that while both employers and students shared a common perception on the important assets of employability in the Vietnamese workplace, their evaluation of these assets differed significantly. The students appeared more confident with the acquired knowledge and skills, however, the employers seemed to be critical about, and not satisfied with the employability assets students possessed at the point of recruitment after graduation. The lack of practical experience and the poor understanding about the real needs of the labour market among students was found in the qualitative interviews as the major reasons for that low level of satisfaction among employers. There is an urgent call for a better connection between universities and enterprises in order to bring about more up-to-date and practical lessons for students. University-industry collaboration activities need to be in place to stop students from wobbling around to find their ways to employment.

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“…Macedonia has an unemployment rate of 26% and youth unemployment rate of 53%. The average time of unemployment between finishing school and 1 While the paper does not aim to investigate the underlying causes for the youth unemployment, Brada et al (2014) provide a very good summary of the main theories and determinants of youth unemployment.…”

Section: Introductionmentioning

confidence: 99%

Labor-Market Scars When Youth Unemployment is Extremely High: Evidence from Macedonia

Petreski

Mojsoska-Blazevski

Bérgolo

2016

Eastern European Economics

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The Institute for the Study of Labor (IZA) in Bonn is a local and virtual international research center and a place of communication between science, politics and business. IZA is an independent nonprofit organization supported by Deutsche Post Foundation. The center is associated with the University of Bonn and offers a stimulating research environment through its international network, workshops and conferences, data service, project support, research visits and doctoral program. IZA engages in (i) original and internationally competitive research in all fields of labor economics, (ii) development of policy concepts, and (iii) dissemination of research results and concepts to the interested public. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SIZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. The objective of this study is to assess how the duration of the unemployment spell of Macedonia youth affects later employment (the employment 'scarring' effect) and wage outcomes (the wage 'scarring' effect). To that end, we first devise a model in which the unemployment spell is determined by individual and household characteristics and work attitudes and preferences. Discrete-time duration method is used to estimate this model. Then, we rely on a standard employment and Mincer earnings functions. We repeatedly impute missing wages to address the selection on observables, and use the regional unemployment rate when individual finished school as an instrument to mitigate the selection on unobservables. The School to Work Transition Survey 2012 is used. Results robustly suggest a presence of employment scar as those young persons who stay unemployed over a longer period of time were found to have lower chances to find a job afterwards. On the other hand, the study does not provide evidence for the existence of the wage scar.JEL Classification: E24, J24, J64

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Introduction: Young People and the Labor Market: Key Determinants and New Evidence

Cited by 32 publications

References 16 publications

Impact of Macroeconomic Policy Instruments and External Shock on Unemployment Rate in Malaysia

Impact of Macroeconomic Policy Instruments and External Shock on Unemployment Rate in Malaysia

The Loose University-Industry Connection and the Students’ Misconception About Their Employability

Labor-Market Scars When Youth Unemployment is Extremely High: Evidence from Macedonia

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