Job Changing and Job Loss in the Irish Youth Labour-Market: A Test of a
General Model
Author information:
Richard Breen
Abstract: This research paper outlines a general idea of unemployment in the Irish Youth
Labour Market. Empirical implications are derived from some materials and tested using
accelerated failure-time models applying them to the data found from labour markets in mid
1980s with the help of the QNHS from the CSO website. The paper will be analysing on
numerous issues such as segmentation of youth labour-force and researching the connection
of the instability of employment, personal and job characteristics in the country of Ireland in
the labour market.
Keywords: unemployment, instability of employment, accelerated failure-time, Irish youth
labour market, empirical implications
JEL Classification Nos:
, Introduction:
For a while, the characteristics of the youth labour force has been noticed by the high number
rates of job changing and unemployment. The young worker were seen to be less prone to
change jobs as researchers gathered evidence that among the unskilled young workers,
employment instability is prevalent. As the employment instability was in association with
the perception of youth employment as frictional plus, 1970s and 1980s, the nature of
unemployment in the youth changed thus resulting failure to acquire job raised. This paper
will develop mainly a general model of job loss and change and will be built around the
development and testing of it as well in the Irish Youth labour market.
Patterns in number in Labour Market:
By using the CSO website researching the Quarterly National Household Survey data,
looking at the duration of unemployment in both sexes in the age group of 15-24, as they
would be regarded as young workers, in the years 1998-2000, there was an increase in the 2nd
quarter of the year 1998 to 41.4 but numbers then start to decrease to 19.4 in the 4th quarter of
the year 2000. The numbers in the data have a neutral area from the numbers 20-38 in the
years 2001-2008 and this would be presented in a table and/or charts to represent the data.
After 2008 the number of unemployment increase reaching as high as 81.8 in 2009. Viewing
another age category to compare, there is a high rate in unemployment in 1998 (65.9) but it
decreases and there is some increase throughout the years but once it hits the year 008 the
numbers increase dramatically.
Result of job changing and job loss in Labour Market:
The major increase in unemployment numbers means during the years of high rate of job loss
was the years of the ‘depression’ (recession). During the Celtic Tiger years or ‘boom’ years
the economy grew and there was more jobs created and new companies arrived attracting
people from different regions of the world to look for work. The Celtic Tiger years decreased
the amount of unemployment and the country was known as one of the wealthiest countries.
There was a lot of highly skilled young workers in the manufacturing industry and aiming to
get a 3rd level degree.
Conclusion
We can see in the data how the rate of the numbers of employment and unemployment relate
to the recession and Celtic Tiger in the Irish labour market. During the years of Celtic tiger
young skilled workers were immigrating into the country, however during the recession,
people were migrating to look for elsewhere as the amount of job loss was to drastic.
General Model
Author information:
Richard Breen
Abstract: This research paper outlines a general idea of unemployment in the Irish Youth
Labour Market. Empirical implications are derived from some materials and tested using
accelerated failure-time models applying them to the data found from labour markets in mid
1980s with the help of the QNHS from the CSO website. The paper will be analysing on
numerous issues such as segmentation of youth labour-force and researching the connection
of the instability of employment, personal and job characteristics in the country of Ireland in
the labour market.
Keywords: unemployment, instability of employment, accelerated failure-time, Irish youth
labour market, empirical implications
JEL Classification Nos:
, Introduction:
For a while, the characteristics of the youth labour force has been noticed by the high number
rates of job changing and unemployment. The young worker were seen to be less prone to
change jobs as researchers gathered evidence that among the unskilled young workers,
employment instability is prevalent. As the employment instability was in association with
the perception of youth employment as frictional plus, 1970s and 1980s, the nature of
unemployment in the youth changed thus resulting failure to acquire job raised. This paper
will develop mainly a general model of job loss and change and will be built around the
development and testing of it as well in the Irish Youth labour market.
Patterns in number in Labour Market:
By using the CSO website researching the Quarterly National Household Survey data,
looking at the duration of unemployment in both sexes in the age group of 15-24, as they
would be regarded as young workers, in the years 1998-2000, there was an increase in the 2nd
quarter of the year 1998 to 41.4 but numbers then start to decrease to 19.4 in the 4th quarter of
the year 2000. The numbers in the data have a neutral area from the numbers 20-38 in the
years 2001-2008 and this would be presented in a table and/or charts to represent the data.
After 2008 the number of unemployment increase reaching as high as 81.8 in 2009. Viewing
another age category to compare, there is a high rate in unemployment in 1998 (65.9) but it
decreases and there is some increase throughout the years but once it hits the year 008 the
numbers increase dramatically.
Result of job changing and job loss in Labour Market:
The major increase in unemployment numbers means during the years of high rate of job loss
was the years of the ‘depression’ (recession). During the Celtic Tiger years or ‘boom’ years
the economy grew and there was more jobs created and new companies arrived attracting
people from different regions of the world to look for work. The Celtic Tiger years decreased
the amount of unemployment and the country was known as one of the wealthiest countries.
There was a lot of highly skilled young workers in the manufacturing industry and aiming to
get a 3rd level degree.
Conclusion
We can see in the data how the rate of the numbers of employment and unemployment relate
to the recession and Celtic Tiger in the Irish labour market. During the years of Celtic tiger
young skilled workers were immigrating into the country, however during the recession,
people were migrating to look for elsewhere as the amount of job loss was to drastic.
