Youth Labor Underutilization in Australia Following the Global Financial Crisis

View Sample PDF

Author(s): Scott Baum (Griffith University, Australia), Michael Flanagan (University of Newcastle, Australia)and Bill Mitchell (University of Newcastle, Australia)
Copyright: 2023
Pages: 15
Source title: Research Anthology on Macroeconomics and the Achievement of Global Stability
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-7460-0.ch080

Keywords: Business & Management / Business Science Reference / Economics & Economic Theory / Economics and Economic Theory

Purchase

View Youth Labor Underutilization in Australia Following the Global Financial Crisis on the publisher's website for pricing and purchasing information.

Abstract

In the wake of the Global Financial Crisis, although the Australian economy remained largely buoyant in aggregate terms, outcomes across different groups were not evenly shared. In labor market terms, different demographic groups appeared to more or less impacted by the post-GFC economic environment. One such group were young people, who witnessed a change in employment fortunes compared to others in the labor force. This chapter provides an investigation of these uneven labor market outcomes and presents an analysis of youth labor underutilization using pooled panel data, taking account of both individual level supply-side factors together with the strength of the local labor market (demand-side). The result is an analysis that accounts for the impact of changing macroeconomy, local labor market conditions, and the employability assets of young individuals. The result illustrates the impact of the post-GFC economy of the youth labor market.

The IRMA Community

Research IRM

Youth Labor Underutilization in Australia Following the Global Financial Crisis

Purchase

Abstract

Related Content

IRMA Sponsors