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Getting It Right: Youth Employment Policy within the EU

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  • Francesco Pastore

Abstract

This essay discusses the determinants of youth unemployment within the EU and then the alternative policy options currently at stake. We argue that youth unemployment regards especially some peripheral EU countries and is due to a mix of factors that should be addressed more vigorously, starting from expansionary fiscal and monetary policy. The guiding line should be to reform the Maastricht Treaty so as to allow each EU country to reach the Europe 2020 targets. Moreover, especially in the peripheral countries drastic reforms of the school-to-work transition regimes are needed, including not only the European Youth Guarantee, which is underfinanced, but also the introduction of better links between the education system and the labor market. The past emphasis on labor market reforms, instead, should be reconsidered.
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Suggested Citation

  • Francesco Pastore, 2017. "Getting It Right: Youth Employment Policy within the EU," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(02), pages 26-33, July.
    • Handle: RePEc:ces:ifofor:v:18:y:2017:i:02:p:26-33
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    References listed on IDEAS

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    1. Francesco Pastore, 2015. "The European Youth Guarantee: labor market context, conditions and opportunities in Italy," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-22, December.
    2. Samuel Bentolila & Juan Dolado & Juan Jimeno, 2012. "Reforming an insider-outsider labor market: the Spanish experience," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 1(1), pages 1-29, December.
    3. Paul De Grauwe, 2014. "What Have We Learnt about Monetary Integration since the Maastricht Treaty?," World Scientific Book Chapters, in: Exchange Rates and Global Financial Policies, chapter 11, pages 273-296, World Scientific Publishing Co. Pte. Ltd..
    4. Paul De Grauwe, 2006. "What Have we Learnt about Monetary Integration since the Maastricht Treaty?," Journal of Common Market Studies, Wiley Blackwell, vol. 44, pages 711-730, November.
    5. Francesco Pastore, 2009. "School-to-Work Transitions in Mongolia," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(2), pages 245-264, December.
    6. Gianfranco Viesti, 2011. "Le politiche di sviluppo del Mezzogiorno negli ultimi venti anni: scelte e risultati," ECONOMIA E POLITICA INDUSTRIALE, FrancoAngeli Editore, vol. 2011(4), pages 95-137.
    7. Werner Eichhorst & Núria Rodríguez-Planas & Ricarda Schmidl & Klaus F. Zimmermann, 2015. "A Road Map to Vocational Education and Training in Industrialized Countries," ILR Review, Cornell University, ILR School, vol. 68(2), pages 314-337, March.
    8. Carmen Aina & Eliana Baici & Giorgia Casalone & Francesco Pastore, 2013. "Il fuoricorsismo tra falsi miti e realtà," Economia & lavoro, Carocci editore, issue 1, pages 147-154.
    9. Floro Ernesto Caroleo & Francesco Pastore, 2012. "Overeducation at a glance. Determinants and wage effects of the educational mismatch, looking at the AlmaLaurea data," Discussion Papers 18_2012, CRISEI, University of Naples "Parthenope", Italy.
    10. Mauro, Luciano & Pigliaru, Francesco, 2013. "Decentralization, Social Capital and Regional Convergence," Economy and Society 151534, Fondazione Eni Enrico Mattei (FEEM).
    11. Clorinda Maisto & Francesco Pastore, 2017. "Alternanza scuola-lavoro: un bilancio preliminare a un anno dall'attuazione," Economia & lavoro, Carocci editore, issue 1, pages 133-146.
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    Cited by:

    1. Giorgio d'Agostino & Michele Raitano & Margherita Scarlato, 2022. "Job mobility and heterogeneous returns to apprenticeship training in Italy," British Journal of Industrial Relations, London School of Economics, vol. 60(2), pages 391-423, June.
    2. Caroleo, Floro Ernesto & Pastore, Francesco, 2017. "Investing in Human Capital to Boost Growth!," IZA Policy Papers 135, Institute of Labor Economics (IZA).
    3. Peter Huber & Gerhard Streicher & Georg Böhs, 2018. "Evaluierung des Paktes für Arbeit und Qualifizierung für Oberösterreich," WIFO Studies, WIFO, number 66774, April.
    4. Milasi Santo, 2020. "What Drives Youth’s Intention to Migrate Abroad? Evidence from International Survey Data," IZA Journal of Development and Migration, Sciendo & Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 11(1), pages 1-30, January.
    5. Floro Ernesto Caroleo & Francesco Pastore, 2019. "The Italian lowgrowth conundrum: An assessment and some policy lessons," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 20(01), pages 33-39, April.

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    More about this item

    Keywords

    Jugendarbeitslosigkeit; Finanzpolitik; Geldpolitik; Konvergenzkriterien; Reform; Periphere Region; EU-Staaten;
    All these keywords.

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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