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Evolutions Of Unemployment Among The Young Over The Economic And Financial Downturn

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Author Info

  • Mariana Balan

    (Institute for Economic Forecasting-INCE Romanian Academy Athenaeum)

  • University

    (Bucharest Romania)

  • Carmen-Marilena Uzlau

    (Institute for Economic Forecasting-INCE Romanian Academy)

  • Hyperion University

    (Bucharest Romania)

  • Corina Maria Ene Hyperion University

    (Bucharest Romania)

Abstract

The downturn on the global financial markets that struck the world economy inthe mid 2008 affected the world economy in its whole, nevertheless, it also had a great impactupon the labour force market in the European countries. After several years of economicgrowth and of relatively high labour force occupation rate, this caused EU to register levelsof decrease that had not been registered for decades.It is crucial to know the unemployment rate among the young in order to transform the younginto active persons by means of specific policies aimed at this population category. Thedifficulties met by the young on the labour market have significant consequences upon theirstandard of living, upon their families and upon the national or international communities towhich they belong. The most important effects of the young‘s inactivity are: the risk ofpoverty, the incapacity to play an active role in the development of the society, the lack offreedom in changing the society of which they form part.This work presents a short analysis of the unemployment among the young at world level, atthe European Union‘s level and Romania‘s level.The current economic recession imposed and still imposes on the EU member states‘governments to strongly interfere on the labour force market, especially in the field of youthoccupancy. This work also deals with several of the measures adopted by different Europeanstates for the reduction of the unemployment rate among the young as well as for theirintroduction on the labour market.

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Bibliographic Info

Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

Volume (Year): 1 (2012)
Issue (Month): 14 ()
Pages: 16

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Handle: RePEc:alu:journl:v:1:y:2012:i:14:p:16

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Keywords: unemployment; economic and financial downturn; occupancy;

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  1. O'Higgins, Niall, 2010. "Youth Labour Markets in Europe and Central Asia," IZA Discussion Papers 5094, Institute for the Study of Labor (IZA).
  2. Bell, David N.F. & Blanchflower, David G., 2011. "Youth Unemployment in Europe and the United States," IZA Discussion Papers 5673, Institute for the Study of Labor (IZA).
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