Article Summary

Article Summary

Summary

The article, “The Effect of Government Mandated Benefits on Youth Employment” intends to investigate the impact of government mandated benefits, such as cost of unemployment insurance by employers, and minimum wage on employment ratio of youth. The age group studied in the article are 16-19, 20-24, and 25-34. The article is an empirical study of the effects and consequences of such mandated benefits on ratio of employment of the youth and adults, mentioned in above age brackets. The time series analysis conducted showed that a one percent increase in the cost of workers' compensation insurance by employers decreased employment ...