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Cohort Size and Unemployment Rate: New Insights from Nigeria

机译:队列规模和失业率:尼日利亚的新见解

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The debate on the nature of the relationship between cohort size and unemployment rate has been widely studied and generated a substantial body of literature in labor economics discourse. However, an in-depth reading of this literature suggests that, besides the fact that findings are mixed and do not provide conclusive evidences, one hardly ever comes across studies exclusively on African countries. Likewise, generalized studies across countries employing pooled data seem to dominate the literature. In light of these, the current study examines the nature of the said relationship, over the period 1970-2019, in Nigeria in a multivariate and dynamic framework. Employing Bounds testing procedure, the article finds that both the short-run and long-run impacts of cohort size on overall unemployment rate are positive and statistically significant. This suggests that aggregate unemployment rate tends to be higher when many young people supply labor. In view of these findings, the article recommends that government should collaborate with private sector to develop and implement functional microcredit schemes. Such schemes should be flexibly structured to avert institutional bottlenecks and enhance accountability and transparency in their management
机译:关于裁群规模与失业率之间关系的性质的辩论得到了广泛研究和产生了劳动经济学话语的大量文学体系。然而,这种文献的深入阅读表明,除了结果混合的事实并没有提供结论性证据的事实,一个难以跨越非洲国家的研究。同样,跨越汇集数据的国家的广义研究似乎主导了文献。鉴于这些,目前的研究审查了1970 - 2019年期间在尼日利亚在多元和动态框架中审查了所述关系的性质。采用界限测试程序,文章发现,群组大小对整体失业率的短期和长期影响均为正且统计学意义。这表明,当许多年轻人供应劳动力时,总体失业率往往会更高。鉴于这些调查结果,文章建议政府应与私营部门合作开发和实施功能小额信贷计划。这些计划应灵活地构建以避免机构瓶颈,并提高管理层的责任和透明度

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