The impact of young workers on the aggregate labor market
成果类型：
Article
署名作者：
Shimer, R
署名单位：
Princeton University; National Bureau of Economic Research
刊物名称：
QUARTERLY JOURNAL OF ECONOMICS
ISSN/ISSBN：
0033-5533
DOI：
10.1162/00335530152466287
发表日期：
2001
页码：
969-1007
关键词：
摘要：
An increase in the share of youth in the working age population of one state or region relative to the rest of the United States causes a sharp reduction in that state's relative unemployment rate and a modest increase in its labor force participation rate. This is inconsistent with many theories of the labor market, but can be easily explained by a model of frictional unemployment with on-the-job search. The theory makes strong predictions regarding the behavior of wages which are shown to be consistent with the data. The paper also reconciles its findings with an existing body of apparently contradictory empirical evidence.
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