Three of them have to do with level of unemployment reflected by the traditional YUR or the more innovative NEET rate.
Moreover, the YUR of men reacts more strongly to changes in GDP because males are predominantly employed in more cyclical sectors than are females.
Among the macroeconomic determinants, GDP and inflation have negative and significant coefficients, which can be interpreted in line with Okun's Law and the Phillips' Curve literature, although in this paper the relationship is with YUR and not with the TUR.
There is also a comparison with YUR and overall unemployment rates.
In the last paper, Kelly et al (2014), rather than focusing on the YUR, investigate the transition of young people from unemployment to employment by focusing on the Irish case and comparing the profile of transitions to work before the recession (2006) and during the initial recovery , The characteristics investigated are the following: gender, age, nationality, educational attainment, geographic location and previous unemployment duration.
With respect to the impact of the crisis on young people, the economic crisis abruptly ended the gradual decline in global YUR that was recorded during the 2002-2007 period (ILO, 2012).
YUR is more sensitive to the business cycle than are adult UR (see Choudhry et al, 2012).
In our econometric investigation, we wish to assess the dynamics of NEET and YUR in the EU regions by focusing on changes that occurred during the recent crisis period.
We consider the following baseline model for NEET, YUR and UR:
i,t] is the NEET rate, or, alternatively, YUR and UR, of region i in year t, and [x.