Long-term unemployment can lead to skill attrition and have detrimental effects on future employment prospects …, particularly following periods of economic crises when employment growth is slow and cannot accommodate high levels of unemployment … costeffective and efficient means of reducing unemployment, during both periods of economic stability and recovery. …

and helps to preserve jobs in the context of a recession by making employment and unemployment less elastic with respect …

France and Germany are two polar cases in the European debate about rising youth unemployment. Similar to what can be … observed in Southern European countries, a “lost generation” may arise in France. In stark contrast, youth unemployment has … been on continuous decline in Germany for many years, hardly affected by the Great Recession. This paper analyzes the …