The Impact of Young Workers on the Aggregate Labor Market

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The Impact of Young Workers on the Aggregate Labor Market

An increase in the share of youth in the working age population of one state or region relative to the rest of the United States causes a sharp reduction in that state’s relative unemployment rate and a modest increase in its labor force participation rate. This is inconsistent with many theories of the labor market, but can be easily explained by a model of frictional unemployment with on-the-...

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ژورنال

عنوان ژورنال: The Quarterly Journal of Economics

سال: 2001

ISSN: 0033-5533,1531-4650

DOI: 10.1162/00335530152466287