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Youth Employment in Europe: Institutions and Social Capital Explain Better than Mainstream Economics

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  • Bruno Contini

Abstract

Why did employment growth - high in the last decade– take place at the expense of young workers in the countries of Central and Southern Europe ? This is the question addressed in this paper. Youth unemployment has approached or exceeded 20% despite a variety of factors, common to most EU countries. According to neo-classical economics all would be expected to exert a positive impact on its evolution: population ageing and the demographic decline, low labor cost of young workers, flexibility of working arrangements, higher educational attainment, low unionization of young workers, early retirement practices of workers 50+. But neither seems to provide a convincing explanation. Historically based institutions and political tradition, cultural values, social capital – factors that go beyond the standard explanation of economic theory – provide a more satisfying interpretation.

Suggested Citation

  • Bruno Contini, 2009. "Youth Employment in Europe: Institutions and Social Capital Explain Better than Mainstream Economics," LABORatorio R. Revelli Working Papers Series 97, LABORatorio R. Revelli, Centre for Employment Studies.
  • Handle: RePEc:cca:wplabo:97
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    References listed on IDEAS

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    1. Jonathan Gruber & Kevin Milligan & David A. Wise, 2009. "Social Security Programs and Retirement Around the World: The Relationship to Youth Employment, Introduction and Summary," NBER Working Papers 14647, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Iulian CONDRATOV, 2015. "The Analysis In The Territorial Profile Of The Youth Unemployment From The North-East Region Of Romania," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 4(1), pages 1-24, January.
    2. repec:ath:journl:tome:30:v:2:y:2013:i:30:p:21-30 is not listed on IDEAS
    3. Rodrigo Fernandez & Herwig Immervoll & Daniele Pacifico & Céline Thévenot, 2016. "Faces of Joblessness: Characterising Employment Barriers to Inform Policy," OECD Social, Employment and Migration Working Papers 192, OECD Publishing.
    4. Joseph Anthony Mauro & Sophie Mitra, 2015. "Understanding Out-of-Work and Out-of-School Youth in Europe and Central Asia," World Bank Other Operational Studies 22806, The World Bank.
    5. Asongu, Simplice, 2014. "Taxation, foreign aid and political governance: figures to the facts of a celebrated literature," MPRA Paper 63792, University Library of Munich, Germany.
    6. Iulian CONDRATOV, 2014. "Determinants Of Youth Unemployment: A Survey Of The Literature," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 3(2), pages 1-16, July.

    More about this item

    Keywords

    youth employment; unemployment; social capital; institutions.;

    JEL classification:

    • J - Labor and Demographic Economics
    • J0 - Labor and Demographic Economics - - General
    • J1 - Labor and Demographic Economics - - Demographic Economics
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers

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