The Economist:
Hiding in plain sight
20 August 2015
In any recession, young people tend to suffer first. Moreover, unemployment among 16-24-year-olds was edging up even before the financial crisis. Youngsters have since faced a ''double whammy'' of scarcity of work and falling real wages, says Stephen Machin of the London School of Economics (LSE). Those who are unskilled, a group of which Britain has a larger share than most, were particularly badly hit.
This article was published in The Economist on August 20, 2015
Link to article here
Related publications
Crime scars: can recessions produce career criminals?, Brian Bell, Anna Bindler and Stephen Machin, CentrePiece 20 (1) Summer 2015 pages: 2-5
'Crime Scars: Recessions and the Making of Career Criminals', by Brian Bell, Anna Bindler and Stephen Machin, Centre for Economic Performance Discussion Paper No.1284, July 2014
Related links
Brian Bell webpage
Anna Bindler webpage
Stephen Machin webpage
Labour Markets Programme webpage