探索-매칭模型을 利用한 靑年失業率 接近

Abstract

Using the search-matching framework, we analyze youth unemployment. We show that in

order to account for youth unemployment through the lens of search-matching models, such

models require a sufficiently high income during their unemployment, suggesting that part of

the reason for unemployment is on the supply side in nature. The resulting policy implication

is that rather than income maintenance for the unemployed youths, we need to focus more on

both raising job finding rates and reducing job turnovers.