Unemployment among younger and older individuals: does conventional data about unemployment tell us the whole story?

Journal for Labour Market Research

Table 4 Unemployment rate as a function of the business cycle

Variables	The growth of youth unemployment 2007–2009		The growth of older unemployment 2007–2009
Variables	Coefficient	Std. error	Coefficient	Std. error
Constant	0.553	1.635	2.539**	1.144
GR 2009–2007	− 0.530***	0.181	− 0.184	0.125
Adjusted R squared	0.187		0.035

Variables	The growth of youth unemployment 2009–2011		The growth of older unemployment 2009–2011
Variables	Coefficient	Std. error	Coefficient	Std. error
Constant	4.486***	1.191	− 1.581***	0.514
GR 2011–2009	− 0.602***	0.155	− 0.084	0.066
Adjusted R squared	0.299		0.019

Dependent variable: the increase in the unemployment rate between 2007 and 2009, and between 2009 and 2011
* p < 0.1, ** p < 0.05, *** p < 0.01