Publication detail

Youth labour flows and unemployment in Great Recession: Comparing Spain and the Czech Republic (V. Flek, M. Mysíková)

Author(s): doc. Ing. Vladislav Flek CSc.,
PhDr. Martina Mysíková Ph.D.,
Type: Articles in refereed journals
Year: 2015
Number: 0
ISSN / ISBN:
Published in: Národohospodářský obzor – Review of Economic Perspectives, 15 (2): 179–195
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Keywords:
JEL codes:
Suggested Citation:
Abstract: Using Spain and the Czech Republic as examples of two EU countries with
different labour market performance, we apply a gross flow analysis based on EU-SILC
longitudinal data. We find that while in Spain the increases in youth unemployment are
driven mostly by young people who lose their jobs, in the Czech Republic, this is main-
ly due to new labour market entrants who failed to find a job. The analysis of flow tran-
sition rates suggests that youth labour markets with enormously high unemployment
rates have not failed in all relevant respects. Their development seems to be hindered
predominantly by high risk of job losses and diminishing employment prospects of the
unemployed, rather than by impeded transitions from inactivity to employment. In
countries with lower youth unemployment rates, unemployment policy agenda appears
to be challenged by quite the opposite tendency.

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