The problem of high youth unemployment is a global phenomenon. According to an International Labour Office study in 2004, youth (15-24) make up nearly half (47%) of the world's unemployed, 88 million out of 186 million, even though youth are only 25% of the world's working age population. Of the...

This paper investigates the effects of long bouts of unemployment on the employment probabilities of the unemployed, and the factors affecting unemployment duration. This is achieved through the estimation of the hazard rate. The parametric analysis was conducted using a Weibull regression...

Policy makers are well aware that creating jobs is an important priority if the health of our economy is to be preserved and improved. However, the first step towards a successful strategy of employment creation is an understanding of the labour market. Much attention has been devoted to...