The Recent Economic Crisis and Youth Unemployment in Macedonia

Nikoloski, Dimitar and Pechijareski, Ljupcho (2015) The Recent Economic Crisis and Youth Unemployment in Macedonia. In: “Challenges of Contemporary Society”, November 12, 2015, Skopje.

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Macedonia as a less developed post-transition country during the past decade struggles with high and sustained unemployment, human capital depreciation and striking labour market segmentation. A general perception is that young population that enters the labour force faces higher risk of becoming or remaining unemployed. The main reason for high unemployment among young workers is a lack of skills and work experience which make them less competitive on the labour market compared to prime-age and more mature workers. Moreover, the formal education and training systems often have been ineffective at easing the transition from school to work or slow to adapt to the changing requirements arising from the rapidly changing industrial structure. Among other factors that might cause higher incidence of youth unemployment are some labour market institutions such as minimum wages and unemployment benefits. The problem of youth unemployment is often related to the role of the family at providing income support particularly in more traditional and collectivist societies. Finally, the unemployment among young population is highly cyclical sensitive, which means that youth are particularly hard hit in a recession which has been confirmed by the recent global economic crisis and its adverse effects on the demand for labour. In this paper we will make an attempt to identify the impact of recent economic crisis on the youth unemployed in Macedonia. For this purpose we will use results from the survey carried out on a representative sample of registered unemployed workers. In this context, we will estimate econometric models that as a support in the process of identification of potentially relevant factors such as: personal perceptions, the role of alternative labour market adjustment mechanisms and the treatment of unemployed by the policy measures. As a result we will depict the profile of the youth unemployed workers in Macedonia and will assess to what extent they differentiate from more mature workers. Finally, we will formulate appropriate policy recommendations that target youth as disadvantaged labour market segment in order to improve their future employment prospects.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 08 Dec 2019 19:51
Last Modified: 08 Dec 2019 19:51

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