Footnote:
In: Oxford Bulletin of Economics and Statistics, Vol. 66, No. 2, pp. 205-237, May 2004
Description:
This study examines the unemployment experiences of young men in the United Kingdom over the period 1982.IV-1998.I. The empirical results show that repeated unemployment is a dominant feature of the UK labour market and that individual heterogeneity affects mainly the incidence of unemployment and only to a much lesser extent than the duration of unemployment. We estimate that about 73% of the young unemployed find stable employment before the age of 35. The remaining 27%, concentrated among the lower-skilled, keep returning into unemployment, suggesting structural employment instability. These findings imply that a labour market programme targeted at increasing the employability of the young unemployed would yield long-term benefits by not only getting them out of unemployment but also keeping them out of unemployment