Youth unemployment and employment policy during the Heisei recession, Japan

The Heisei Recession: An Overview

The prolonged recession in recent Japan continues much longer than a decade. One observes exciting policy-related discussions over the diagnosis and the effective prescriptions to the problem. Gradually, academic economists have been accumulating scientific investigations into the nature and the causes of this "great" recession. Economic theory faces a test of its applicability in the light of ...

Youth Employment and Unemployment in India

Increase in the share of youth population due to demographic ‘dividend’ or the ‘youth bulge’ seems to be one of the sources of future economic growth in India. Although with increase in school and college enrolment rates, the proportion of youth in the labour force has been declining, their high proportions in the labour force indicate that the problem of youth unemployment and underemployment ...

Youth employment, unemployment, skills and economic growth

Youth Employment , Unemployment , Underemployment : A Continuing Dilemma

Ray Marshall 6th Annual Konopka Lecture May, 1983 INTRODUCTION Dr. Marshall’s insights and perspectives on youth employment have emerged from his work in governmental, private , and academic settings. He served as Secretary of Labor during the Carter Administration (1977-1980) and is presently the Bernard Rapoport Centennial Professor of Economics and Public Affairs at the University of Texas. ...

Unemployment and the US Housing Market during the Great Recession∗

This paper evaluates the role of unemployment scarring and fear thereof for the recent U.S. housing bust. I study a quantitative lifecycle model of the housing market, which features an income process that is consistent with the large and long-lasting impact of unemployment on future earnings documented in recent empirical work. The model features exogenous moving shocks consistent with survey ...