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 …

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 …