The Impact of Financial Crises on Youth Unemployment Rate
This paper focuses on the extent and persistence of the impact of financial crises on youth (15-24) unemployment rate. It presents empirical estimations on the impact of past financial crises on young workers, as well as investigates the relationship between financial crises and youth unemployment rate by employing fixed effects panel estimation on a large panel of countries (about 70) around the world for the period 1980-2005. Gender specific effects of crises, as well as the “persistence" of the impact of financial crises on young workers is also investigated. Its econometric investigations can be useful to better assess its impact on youth unemployment.