NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Choongsoo Kim

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NBER Working Papers and Publications

1982Time 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 1979Time 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...

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