The study provides a comparative empirical analysis of the dynamics of unemployment in the United States and West Germany. Based on longitudinal data and recent microeconometric methods, the analysis discusses different explanations for both the higher inflow into as well as the higher outflow...

By conventional statistics, youth unemployment seems to be quite moderate in Korea: ‘only’ 9.6 percent of the ‘active’ youth labour force was unemployed compared to 21.4 percent in EU - 27 in 2011. Germany, with a youth unemployment rate of 8.5 percent, is one of the very few European...