We quantitatively analyze an equilibrium job-matching model in the presence of time-varying discount rates and persistent aggregate shocks to labor productivity. In our model workers and firms learn about an unobservable, idiosyncratic component of match productivity. We obtain three results. First, the unemployment rate of young, inexperienced workers is more sensitive to economic conditions t...

This paper is anchored on social entrepreneurship as a panacea for mitigating unemployment among the Nigerian youth. Without overemphasizing condition of in Nigeria, an avalanche studies have substantiated this assertion by reporting that rate youth increase causing frustration, dependency and dejection. With increasing turnout graduates yearly from tertiary institutions, many gradates still re...

This paper sets to investigate the responses of the Greek and Irish social actors (trade unions, employers’ organizations, public agencies) to the youth unemployment which has severely risen in both countries after the outbreak of the economic crisis (OECD, 2009). The rationale behind the comparative perspective stems from our intention to investigate how the institutional structures and the in...