The Impact of Young Workers on the Aggregate Labor Market

  title={The Impact of Young Workers on the Aggregate Labor Market},
  author={Robert Shimer},
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… CONTINUE READING
Highly Influential
This paper has highly influenced 16 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 46 citations. REVIEW CITATIONS


Publications referenced by this paper.
Showing 1-10 of 26 references

Cohort Crowding and Youth Labor Markets: A Cross-National Analysis,

  • Korenman, Sanders, David Neumark
  • Youth Employment and Joblessness in Advanced…
  • 2000

Equilibrium Unemployment Theory (Cambridge

  • Pissarides, Christopher
  • 2000

Marriage and Divorce,

  • Webb, Tracy
  • University of Bristol Working Paper,
  • 2000

Unstable Relationships,

  • Burdett, Kenneth, Ryoichi Imai, Randall Wright
  • University of Pennsylvania Working Paper,
  • 2000

The Complexity of Job Mobility among Young Men,

  • Neal, Derek
  • Journal of Labor Economics,
  • 1999

Equilibrium Wage Differentials and Employer Size,

  • Burdett, Kenneth, Dale Mortensen
  • International Economic Review,
  • 1998

The Impact of Mass Migration on the Israeli Labor Market,

  • Friedberg, Rachel
  • Brown University Working Paper,
  • 1997

Cross-Section Estimation of the Matching Function: Evidence from England and Wales,

  • Coles, Melvyn, Eric Smith
  • Economica , LXIII
  • 1996

Job Creation and Destruction (Cambridge

  • Davis, Steve, John Haltiwanger, Scott Schuh
  • 1996

Productivity and the Density of Economic Activity,

  • Ciccone, Antonio, Robert Hall
  • American Economic Review,
  • 1996

Similar Papers

Loading similar papers…