to be called the Great Recession. Next we look at the labour market and how employment and unemployment have been …

This paper focuses particularly on youth unemployment, why we should be concerned about it, why it is increasing again … adulthood unemployment creates long lasting scars which affect labour market outcomes much later in life. Our chosen variables … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These …

, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will … consequences for unemployment may be worse than anticipated …

Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected … just over 10000 observations, we predict changes in the unemployment rate 12 months ahead. We do so using individuals …

-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment … using microdata. We argue that there is convincing evidence that the effects of unemployment when young impose costs on … individuals and society well into the future. Though the effects of current policies on youth unemployment are uncertain, there is …

and effects of youth unemployment using micro-data. It argues that there is convincing evidence that the young are … particularly susceptible to the negative effects of spells of unemployment well after their initial experience of worklessness …. Because the current youth cohort is relatively large, the longer-term outlook for youth unemployment is quite good, but there …

not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …

inflationary pressures and to lower the natural rate of unemployment …