Affiliation:
1. Griffith University, Australia
2. University of Newcastle, Australia
Abstract
In the wake of the Global Financial Crisis, although the Australian economy remained largely buoyant in aggregate terms, outcomes across different groups were not evenly shared. In labor market terms, different demographic groups appeared to more or less impacted by the post-GFC economic environment. One such group were young people, who witnessed a change in employment fortunes compared to others in the labor force. This chapter provides an investigation of these uneven labor market outcomes and presents an analysis of youth labor underutilization using pooled panel data, taking account of both individual level supply-side factors together with the strength of the local labor market (demand-side). The result is an analysis that accounts for the impact of changing macroeconomy, local labor market conditions, and the employability assets of young individuals. The result illustrates the impact of the post-GFC economy of the youth labor market.
Reference28 articles.
1. Youth unemployment and economic recession in Spain: influence on health and lifestyles in young people (16–24 years old)
2. The Impact of Social Capital on Labor Force Participation: Evidence from the 2000 Social Capital Benchmark Survey
3. Labour Underutilisation in Metropolitan Labour Markets in Australia: Individual Characteristics, Personal Circumstances and Local Labour Markets
4. People, Space and Place: a Multidimensional Analysis of Unemployment in Metropolitan Labour Markets
5. Berloffa, G., Filandri, M., Matteazzi, E., Nazio, T., Negri, N., O’Reilly, J., . . . Zuccotti, C. (2016). Work-poor and work-rich families: Influence on youth labour market outcomes. Academic Press.