Title:
ISSUES WITH YOUTH LABOUR MARKET: UNEMPLOYMENT AND PRECARIOUS EMPLOYMENT

Authors:
Jingying Huang, Haoyang Zhu and Dongjing Chen, China

Abstract:
The youth unemployment has become a more and more serious problem over the past few years. The pandemic also raises the number of part-time workers to a huge number. As research shows that the increase in education does not necessarily result in higher level of employment rate, it is hence important to investigate the impacts of different variables on young people’s economic states. Therefore, this research aims to study the implication of precarious employment on young people’s income and employment conditions throughout their teenagerhood and young adulthood in the USA. Particularly, this research measure the precarious employment from the perspective of gig economy. We adopt both fixed effect and random effect to examine the influence of different variables such as education status and marital status on the annual income of respondents. In general, enrolling in education will have negative impact on workers’ annual income, while working in gig-economy sector will bring a positive impact on the income. As respondent’s age rise, his or her income will also increase. There exist gender and race discrimination, where female would have a lower annual income compared to male, and the income of white people is higher than other races. The findings give several implications on the current economy condition and choices made by individuals in the labour market.