Youth employment security and labour market institutions: A dynamic perspective

The shift of policy focus from job security to employment security calls for a more dynamic measurement of young people's labour market performance. This article uses data on monthly employment status trajectories and job duration to investigate young Europeans' employment security around five years after they finished education. The authors show that almost 40 per cent of job-insecure individuals actually enjoy employment security - i.e. they are able to re-enter paid employment rapidly after losing their job. The article highlights the need for policy measures to enhance employment security, and the positive role that stricter temporary employment protection, and ALMP expenditure, could play.