Fixing Europe's Youth Unemployment and Skills Mismatch, Can Public Financial Support to SMEs Be Effective? The Case of the European Commission and European Investment Bank Joint Initiatives


Book Description

“We risk having a generation that hasn't held a job. Personal dignity comes from working [...] Young people are in a crisis." Pope Francis - July the 22nd, 2013. Youth unemployment is a critical issue across the European Union with 5.5 million people unemployed among the 18-24 years age group (23.3% unemployment rate). Evidence reveals that youth unemployment in the EU mainly arises from two sources. Firstly, young people lack some of the relevant skills for the labor market.Secondly, firms' ability to hire them is challenged by a constrained access to finance. In reaction, European leaders have implemented “offensive” programs (F. Hollande). Among them, leading initiatives sponsored by the European Commission(EC) and the European Investment Bank (EIB), aim to provide subsidized loans to Small and Medium Enterprises (SMEs) for hiring and training young people. This approach seems relevant and sustainable as it addresses the two sources of youth unemployment and ought to combine jobs opportunities with skills development. This thesis assesses the relevance and scope for effectiveness of concessional loans provision to SMEs as a strategy to bolster youth employment and training opportunities.Starting with a comprehensive analysis of the EU youth unemployment, it outlines the rationale for a public intervention supporting SMEs based vocational training programs for youth. In addition, it exposes the main instruments mobilized in this field by the EU institutions. Through a deep demand-driven firm level and regional analysis, it determines both the needs and expected returns of such initiatives.Eventually, these results associated with a review of some successful case studies, set out the most effective programmatic, policy and financing intervention types, which ought to be scaled up within the EU.




Vocational Education and Training in Sub-Saharan Africa


Book Description

This book analyses the accessibility and success of vocational training programmes for unemployed and disadvantaged youth in Sub-Saharan Africa. Examining the implementation of vocational education and training programmes, the author assesses various internal and external enabling factors that can help foster youth employment. In doing so, the author presents a solid base for robust and evidence-informed practice and policy making for vocational training programmes, analysing such themes as employability skills, the labour market, and work-integrated learning. It also emphasises the importance of stakeholders taking into account the enabling and disabling environments found in a given local, regional or national context. It will be of interest to scholars of vocational training programmes in Sub-Saharan Africa and elsewhere, as well as of youth poverty and unemployment.




Youth Unemployment and Job Insecurity in Europe


Book Description

Providing original insights into the factors causing early job insecurity in European countries, this book examines its short- and long-term consequences. It assesses public policies seeking to diminish the risks to young people facing prolonged job insecurity and reduce the severity of these impacts. Based on the findings of a major study across nine European countries, this book examines the diverse strategies that countries across the continent use to help young people overcome employment barriers.




Youth Labor in Transition


Book Description

Exacerbated by the Great Recession, youth transitions to employment and adulthood have become increasingly protracted, precarious, and differentiated by gender, ethnicity, and socioeconomic status. Youth Labor in Transition examines young people's integration into employment, alongside the decisions and consequences of migrating to find work and later returning home. The authors identify key policy challenges for the future related to NEETS, overeducation, self-employment, and ethnic differences in outcomes. This illustrates the need to encompass a wider understanding of youth employment and job insecurity by including an analysis of economic production and how it relates to social reproduction of labor if policy intervention is to be effective. The mapping and extensive analysis in this book are the result of a 3«-year, European Union-funded research project (Strategic Transitions for Youth Labour in Europe, or STYLE; http://www.style-research.eu) coordinated by Jacqueline O'Reilly. With an overall budget of just under 5 million euros and involving 25 research partners; an international advisory network and local advisory boards of employers, unions, and policymakers; and non-governmental organizations from more than 20 European countries, STYLE is one of the largest European Commission-funded research projects to exist on this topic. Consequently, this book will appeal to an array of audiences, including academic and policy researchers in sociology, political science, economics, management studies, and more particular labor market and social policy; policy communities; and bachelor's- and master's-level students in courses on European studies or any of the aforementioned subject areas.




The Youth Experience Gap


Book Description

“The education to work transition of young people is key to a successful work-life and to fight youth unemployment. The book provides an impressive outline of the facts and convincing insights of the potential causes. This offers a large and broader audience help to adjust properly to achieve a better life.” Klaus F. Zimmermann, IZA, Bonn, Germany This work points to the youth experience gap as a key concept to explain the meager employment opportunities and earnings many young people face.The transition from education to work remains a long dark tunnel around the world. However, this book shows that there are striking differences between countries: in Germany, the young people of today are no worse off than their adult counterparts, while in Southern European and Eastern European countries they fare 3 through 4 times worse. The current economic and financial crisis has further exacerbated the situation for young people in many advanced economies. Observers are divided as to the optimal design of youth employment policy. Liberalists believe that the market itself should address youth disadvantages. More flexible labor markets should also guarantee greater labor turnover, including temporary work, so as to allow young people to move from one job to the next until they accumulate the work experience they need to become more employable and find the right career. In contrast, other economists oppose approaches focusing on entry flexibility and temporary work, claiming that the former type helps only the most skilled and motivated target groups, while the latter only allows young people to gather generic, not job-specific work experience.




European Youth Labour Markets


Book Description

This timely analysis examines the complex state of youth unemployment across Europe and offers cogent policy suggestions for addressing this longstanding societal problem. The findings reveal numerous national and regional factors affecting youth joblessness—not only market and economic challenges, but also deep sociocultural and political dynamics underlying the situations. Coverage details how the standard transition from school to work is disrupted in an already depressed adult job market, and compares a wide range of responses in terms of both young people’s educational decision-making and national youth policy. In particular, contributors assess whether the current crop of Youth Guarantee programs can/should be a model for employment policy across the continent. Among the topics covered: Youth labour market prospects and recent policy developments. Youth labour market in Central and Eastern Europe. Early school dropout in Spain: evolution during the Great Recession. Overeducation among European university graduates: a constraint or a choice? Promoting youth employment in Europe: evidence-based policy lessons. The evaluation of a Finnish youth guarantee: lessons for Europe? European Youth Labour Markets is of interest to an international audience of economists, sociologists, and leaders in governmental, non-profit, and corporate sectors through its broad and comparative macroeconomic focus and implications for policymaking, research, resource allocation, and policy evaluation.




Youth Unemployment in the EU: A Scarred Generation? - HL 164


Book Description

With the rate of young jobless in the EU still at nearly double its pre-crisis level, and the UK experiencing exceptionally high levels of unemployment, this report calls on the Government to rethink the way it uses European funding. The Government needs to use EU money to support the introduction of a Youth Guarantee, rather than putting the funds towards existing domestic measures such as the Youth Contract. The Youth Contract had underperformed and was not popular in the private sector, while the Youth Guarantee had been successful in other European countries. Five regions in the UK were highlighted in the report as having unemployment levels so high that they qualified for additional EU funding. These areas were: Tees Valley & Durham; West Midlands; South Western Scotland; Inner London; and Merseyside. The Committee is urging the Government use the European funding to run pilot Youth Guarantee schemes in these five areas. Other recommendations made in the report include: a move away from a centralised management of EU funds and make the most of local authorities and Local Enterprise Partnerships, who have links to specialist organisations in their areas; when it comes to careers advice, the Government should use EU money to fund more traditional face-to-face careers advice, rather than focusing on online support; and more needs to be done to address the skills mismatch in the EU - a particular example being in ICT




Youth Policies and Unemployment in Europe


Book Description

In Youth Policies and Unemployment in Europe Paola Giannoni analyses the situation of the European youth regarding the changes in the job market dynamics and the strategies implemented by the EU for the social inclusion of young people.




Youth Unemployment in Advanced Europe


Book Description

The crisis has intensified what was previously a chronic unemployment problem in Europe; youth unemployment is now at unprecedented highs in some European countries. This paper assesses the main drivers of youth unemployment in Europe. It finds that much of the increase in youth unemployment rates during the crisis can be explained by output dynamics and the greater sensitivity of youth unemployment to economic activity than adult unemployment. Labor market institutions also play a significant role in explaining the persistently high levels of youth unemployment, especially the tax wedge, minimum wages relative to the median wage, spending on active labor market policies, the opportunity cost of working (measured by the unemployment benefits), vocational training, and labor market duality. This suggests that policies to address youth unemployment should be comprehensive and country-specific, focused on reviving growth and advancing labor market reforms.




Jobs for Youth/Des emplois pour les jeunes: Denmark 2010


Book Description

This report contains - for Denmark - a survey of the main barriers to employment for young people, an assessment of the adequacy and effectiveness of existing measures to improve the transition from school-to-work, and a set of policy recommendations for further action.