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Studies on Balkan and Near Eastern Social Sciences

Edited By Rasim Yilmaz and Günther Löschnigg

This volume is a collection of empirical and theoretical research papers in the social sciences regarding the Balkans and the Near East written by researchers from several different universities and institutions. The studies include a wide range of topics from economic, financial, political, agricultural, sociological, international relations to historical, cultural, and feminist issues in the region of the Balkan and Near East. The book is aimed at educators, researchers, and students interested in the Balkan and Near Eastern countries.

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Youth Unemployment: Macroeconomic Causes, Consequences and Determinants (Hasan Engin Duran)

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Hasan Engin Duran1 Youth Unemployment: Macroeconomic Causes, Consequences and Determinants Introduction and the Concept of “Youth Unemployment” “Youth Unemployment” is one of the most severe social problems faced in recent decades in both the developed and developing world. According to the Global Employment and Social Outlook Trends report (2015), 201 million unemployed individuals exist in the world whereas 74 million are young people. Overall, the unemployment rate is 5.9%, but the youth unemployment is more than twice of this ratio (13.1%). The term “Youth Unemployment Rate (YUR)” is defined as the unemploy- ment rate of young individuals who are between 15–24 years old. The rise in this phenomenon is crucial for several reasons. For instance, it might lead to demoralized and reluctant youth labor, deterioration in their human capital and productivity (Gomez-Salvador and Leiner-Killinger, 2008). This unutilized labor potential exhibits negative effects on the economic growth of the country. It may also cause severe social problems such as social exclusion and increased crime rates (Gomez-Salvador and Leiner-Killinger, 2008). There is a number of hypotheses discussed in the literature on the causes and de- terminants of youth unemployment. The first hypothesis is the Cohort hypothesis which argues that the increase in the young population relative to other age groups increases the youth labor supply more than the labor demand and causes, therefore, an increase in unemployment (Korenman and Neumark, 2000; Gomez-Salvador and Leiner-Killinger, 2008). The second one is the Cycle hypothesis which argues that youth unemployment is sensitive to aggregate...

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