@TechReport{iza:izadps:dp12256,
            	author={Junankar, Pramod N. (Raja)},
            	title={Youth Labour Markets in Developing and Developed Countries:  The Role of the Sectoral Composition of Production},
            	year={2019},
	month={Mar},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={12256},
            	url={https://www.iza.org/publications/dp12256},
	abstract={In this paper we explore the role of the sectoral composition of gross domestic product (GDP) in explaining the behaviour of youth labour markets. We provide a comparison of the behaviour of youth unemployment rates, employment-population rates, and labour force participation rates between developing countries and developed (rich) countries. In developing countries, open unemployment is less of a problem: the major problem faced by young people is employment in the informal sector that is poorly paid, intermittent, and insecure. A major part of employment in developing countries consists of "vulnerable employment". After a brief review of the literature, the paper uses panel data to estimate equations for unemployment rates, employment-population rates, and labour force participation rates for youths. We find that the sectoral composition of production and aggregate demand are important in explaining the behaviour of youth labour markets.},
	keywords={youth labour markets;sectoral composition;informal employment},
            }