Spillover effects of economic policy uncertainty on adult and youth unemployment

IF 0.4 Q4 ECONOMICS Review of Economic Perspectives Pub Date : 2022-12-01 DOI:10.2478/revecp-2023-0001
Silvo Dajčman, Alenka Kavkler, Natalia Levenko, Dejan Romih
{"title":"Spillover effects of economic policy uncertainty on adult and youth unemployment","authors":"Silvo Dajčman, Alenka Kavkler, Natalia Levenko, Dejan Romih","doi":"10.2478/revecp-2023-0001","DOIUrl":null,"url":null,"abstract":"Abstract The paper studies the effects of foreign (the US, the UK and the Chinese) and domestic economic policy uncertainty (EPU) shocks on unemployment in Germany, France, Italy and Spain. The analysis is run separately for the rates of adult and youth unemployment. Impulse responses derived from vector autoregressive models show that the magnitudes of the responses of the adult and youth segments of the labour market are quite different. Following an uncertainty shock, the youth unemployment rate increases significantly more than the adult unemployment rate. This is the case for France, Italy and Spain. The German labour market seems to be resistant to foreign (except Chinese) and domestic EPU shocks, while the remaining labour markets, foremost the Spanish and Italian ones, are susceptible to uncertainty shocks, especially to the US EPU shocks.","PeriodicalId":43002,"journal":{"name":"Review of Economic Perspectives","volume":null,"pages":null},"PeriodicalIF":0.4000,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of Economic Perspectives","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2478/revecp-2023-0001","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0

Abstract

Abstract The paper studies the effects of foreign (the US, the UK and the Chinese) and domestic economic policy uncertainty (EPU) shocks on unemployment in Germany, France, Italy and Spain. The analysis is run separately for the rates of adult and youth unemployment. Impulse responses derived from vector autoregressive models show that the magnitudes of the responses of the adult and youth segments of the labour market are quite different. Following an uncertainty shock, the youth unemployment rate increases significantly more than the adult unemployment rate. This is the case for France, Italy and Spain. The German labour market seems to be resistant to foreign (except Chinese) and domestic EPU shocks, while the remaining labour markets, foremost the Spanish and Italian ones, are susceptible to uncertainty shocks, especially to the US EPU shocks.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
经济政策不确定性对成人和青年失业的溢出效应
摘要本文研究了外国(美国、英国和中国)和国内经济政策不确定性(EPU)冲击对德国、法国、意大利和西班牙失业率的影响。该分析分别针对成人失业率和青年失业率进行。从矢量自回归模型得出的脉冲响应表明,劳动力市场中成人和青年部分的响应幅度有很大不同。在经历不确定性冲击之后,青年失业率的增幅明显高于成人失业率。法国、意大利和西班牙的情况就是如此。德国劳动力市场似乎对外国(中国除外)和国内EPU冲击具有抵抗力,而其余的劳动力市场,主要是西班牙和意大利的劳动力市场,容易受到不确定性冲击,尤其是美国EPU冲击的影响。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
1.40
自引率
0.00%
发文量
10
审稿时长
38 weeks
期刊最新文献
Efficiency Analysis of Elementary Schools in Bratislava – A Two Step DEA Approach Comparison of Housing Affordability in Czech and Polish Regions The contribution of renewable energy sector value added to the national economic development in Denmark: an empirical analysis The Impact of Project Management Tools on Project Results: Evaluation of a Survey Among Managers Leading International Development Projects for four selected Central and Eastern European Donors Tony Lawson on money
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1