To fight youth unemployment, the Nobel Prize Winner Christopher Pissarides proposes an interesting remedy. He says that in times of recession it’s good for young people to acquire more education. According to the human capital theory, more educated workers on average earn more and experience less unemployment throughout their lifetime. Therefore, it is better for […]
About Floro Ernesto Caroleo and Francesco Pastore
Floro Ernesto Caroleo is Professor of Economic Policy at the University of Naples “Parthenope” and a Research Fellow of IZA. Francesco Pastore is Aggregate Professor of Political Economy at Seconda Università di Napoli and a research fellow of IZA.