Younger workers typically figure more prominently in the natural rate of unemployment because they are

Question

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Younger workers are more prominent in the natural rate of unemployment for several reasons: they are often still exploring career paths and determining what they want to do, they generally have fewer skills compared to more experienced workers making them less valuable to firms, they have lower opportunity costs which makes them more likely to quit jobs, and they are frequently new entrants into the labor force.

Younger Workers Typically Figure More Prominently in the Natural Rate