Citation

Discussion Paper Details

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Title: Youth Unemployment and Government Policy

Author(s): Mike Orszag and Dennis J. Snower

Publication Date: July 1997

Keyword(s): Adult Unemployment, Employment Policy, Long-Term Unemployment, Unemployment Benefits and Youth Unemployment

Programme Area(s): Human Resources

Abstract: This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which workers are either young or old. We find that young workers should receive higher vouchers as displacement of the old rises and as the deadweight loss from providing vouchers to the old increases. We provide a simple characterization of the difference between youth and old vouchers in the context of our model.

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Bibliographic Reference

Orszag, M and Snower, D. 1997. 'Youth Unemployment and Government Policy'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1675