20.500.12556/DKUM-86007 Spillover effects of economic policy uncertainty on adult and youth unemployment The paper studies the effects of foreign (the US, the UK and the Chinese) and domestic economic policy uncertainty (EPU) shocks on unemployment in Germany, France, Italy and Spain. The analysis is run separately for the rates of adult and youth unemployment. Impulse responses derived from vector autoregressive models show that the magnitudes of the responses of the adult and youth segments of the labour market are quite different. Following an uncertainty shock, the youth unemployment rate increases significantly more than the adult unemployment rate. This is the case for France, Italy and Spain. The German labour market seems to be resistant to foreign (except Chinese) and domestic EPU shocks, while the remaining labour markets, foremost the Spanish and Italian ones, are susceptible to uncertainty shocks, especially to the US EPU shocks. economic policy uncertainty youth unemployment adult unemployment spillover effects impulse responses negotovost ekonomske politike brezposelnost mladih brezposelnost odraslih učinki prelivanja impulzni odzivi true false true Ekonomicko-správní fakulta Masarykovy univerzity Angleški jezik Slovenski jezik Znanstveno delo 2023-09-26 09:00:21 2023-09-26 09:00:21 2023-09-27 03:09:08 0000-00-00 00:00:00 2023 0 0 str. 47-79 Št. 1 Letn. 23 mar. 2023 0000-00-00 Zaloznikova Objavljeno NiDoloceno 2022-09-27 2023-02-03 2023-03-03 330.34 145052931 10.2478/revecp-2023-0001 1804-1663 Spillover_effects_of_economic_pol-Dajcman-2022.pdf Spillover_effects_of_economic_pol-Dajcman-2022.pdf 1 02F5CE67B8D4A8AB4073BBB3E17623F1 986c020b1c70d3e4fbacfa021657c6ceba9ebdd913e42598e33d2ea2211693b1 9107ad94-5c3b-11ee-972e-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=172981 https://sciendo.com/article/10.2478/revecp-2023-0001 1 56b90bf9-5c3a-11ee-972e-00155d000105 https://dk.um.si/Dokument.php?lang=slv&id=172980 Ekonomsko-poslovna fakulteta 0 0 0