Our paper revisits Okun's relationship between observed unemployment rates and output gaps. We include in the … unemployment rate) over time. The Okun coefficient is not only different for young, prime-age and older workers, it decreases with … reducing the overall unemployment rate, it will also have the distributional effect of lowering youth unemployment. …

This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries … such as Spain, Portugal, Ireland and Finland, where appropriate policy actions are of the essence. Specifically, active … labour market policies are necessary to prevent short-term unemployment from becoming structural (long-term). -- Youth …

This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries …-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain … are necessary to prevent short-term unemployment from becoming structural (long-term). -- youth unemployment ; persistence …