Young people and the post-recession labour market in the context of Europe 2020

This article examines how the recent global recession, together with the general flexibilization of labour markets, is affecting young people. We examine different forms of social exclusion, including unemployment, temporary employment contracts and periods of inactivity, as well as the subjective insecurity arising from such labour market exclusion. We also examine what Member States have done to address this issue, especially as part of their response to the crisis. At both EU (through the Europe 2020 strategy) and national levels specific policy measures exist that target young people in the labour market, but these are mostly supply-driven. Thus, they do not take into account the true problems young people are facing, including problems finding first-time employment and bad-quality jobs with little prospect of moving up the employment ladder. In conclusion, a new generation with higher exposure to systematic labour market risks than previous generations is being left to fend for itself with little appropriate state support

Land use regulation and intraregional population–employment interaction

Land use regulations often delay residential development processes and increase the development costs, although they contribute to addressing market failures and realizing a well-organized urban spatial structure. Raising barriers to development can prevent households from moving in response to either job relocations or job growth at certain locations in a timely manner through restrictions in the local housing supply. This situation may also result in longer commuting distances, times, and costs, as well as greater spatial mismatches. To examine the possible adverse effects of the regulations, this study analyzes how intraregional population-employment interactions vary across metropolitan areas that substantially differ in the restrictiveness of land use regulations. First, an exploratory correlation analysis of 40 large U.S. metropolitan areas reveals that highly regulated regions, particularly those with lengthy approval processes, are likely to show a lower correlation between census tract-level population and employment changes and an increase in mean commuting time between 1990 and 2000. Secondly, regression analysis suggests that the lower correlation in highly regulated metropolitan areas could be attributed to the limited responsiveness of the population to employment redistribution within the regions. © 2013 Springer-Verlag Berlin Heidelberg

Does better job accessibility help people gain employment? The role of public transport in Great Britain

The combined decentralisation of many firms and services and the increasing concentration of traditional public transport services in the main corridors of urban centres have made it more difficult for people to access jobs, in particular when residing outside these prime accessibility areas. This is the first national study within the context of Great Britain to examine whether better public transport job accessibility, modelled at the micro level of individuals, improves employment probabilities for people living in Great Britain. While previous studies have typically concentrated on US metropolitan areas, our study uses British national employment micro datasets to assess which urban and rural areas and population groups would benefit from better public transport services. In an important departure from most standard accessibility methodologies, we computed a public transport job accessibility measure applied nationwide and combined this with individual-level employment probability models for Great Britain. The models were corrected for endogeneity by applying an instrumental variable approach. The study finds that better public transport job accessibility improves individual employment probabilities, in particular in metropolitan areas and smaller cities and towns with lower car ownership rates and in low-income neighbourhoods. It further shows that mainly lower educated groups and young people would benefit from better public transport job accessibility. The findings in this study are important for policymakers in that they imply that, in particular, job seekers who rely on public transport services may benefit from more targeted public policies to improve their accessibility to employment and thereby their social mobility

Inconsistency in Welfare Inferences from Distance Variables in Hedonic Regressions

Hedonic, Distance, Sensitivity analysis, R0, Q5, C8,

How do Students Respond to Labor Market and Education Incentives? An Analysis of Homework Time

Homework, Unemployment, Minimum wage, Students, Education,

Location decisions of domestic and foreign-affiliated financial advisors: Australian evidence

We examine two views of the location choice of newly qualified personal financial advisors that recommend fund managers to retail investors. In one, sources of investment pools are the determinants of the location choice of financial advisors (the 'source of funds' hypothesis). In the other, investment advisors learn from and mimic the location of competing industries (the 'knowledge spill-over' hypothesis). We also investigate whether ownership structures, such as institutional and foreign affiliation, affect the location choices of advisors. Overall, advisor location is determined by considerations for the profitability of an area as a source of both investment funds and potential information spillovers from competitors. Institutional affiliation may result in differences in the set of relevant location choice factors, but does not detract from our main findings