SUBSTITUTION BETWEEN DIFFERENT CATEGORIES OF LABOUR , RELATIVE WAGES AND YOUTH UNEMPLOYMENT

Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 I . Background data . . . . . . . . . . . . . . . . . . . . . . . . . . . 58 II. Theoretical considerations . . . . . . . . . . . . . . . . . . . . . . 62 111. Empirical evidence . . . . . . . . . . . . . . . . . . . . . . . . . . 69 A. Labour supply behaviour . . . . . . . . . . . . . . . . . . . . 69 B. Demand for young workers . . . . . . . . . . . . . . . . . . . 71 Conclusions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79 Annex . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82 Bibliography . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84

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