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NBER Working Papers and Publications
|1982||Time Series Changes in Youth Joblessness|
with Michael L. Wachter
in The Youth Labor Market Problem: Its Nature, Causes, and Consequences, Richard B. Freeman and David A. Wise, editors
|August 1979||Time Series Changes in Youth Joblessness|
with Michael L. Wachter: w0384
This study presents a time series analysis of the youth unemployment problem stressing the cohort overcrowding effect, a result of the baby-boom induced imbalance between younger and older workers. Several techniques are used to study the problem. First, reduced form unemployment equations are estimated for the disaggregated youth groups. The results indicate that secular swings in female and white youth unemployment rates do track well with the cohort imbalance hypothesis. However, relative increases in black male unemployment remain unexplained by this model. Second, alternative measures of youth unemployment are developed by treating school enrollment and military service as equivalent to employment. In addition, several employment-to-population ratio measures are explored. Third, equat...
Published: Wachter, Michael L. and Kim, Choongsoo. "Time Series Changes in Youth Joblessness." The Youth Labor Market Problem: Its Nature, Causes and Consequences, edited by Richard B. Freeman and David A. Wise, pp. 155-198. Chicago: University of Chicago Press, 1982.