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The European Youth Guarantee: Labor Market Context, Conditions and Opportunities in Italy

Author

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  • Pastore, Francesco

    () (Università della Campania Luigi Vanvitelli)

Abstract

This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In principle, the program should be able to affect the frictional and mismatch components of unemployment, if not the Keynesian and neoclassical ones, as also the experience of Scandinavian countries suggests. However, this requires an in-depth transformation of the entire school-to-work transition system, involving not only public employment services, but also educational and training systems. To tackle the Keynesian and neoclassical components of unemployment, instead, it is vital to rethink the European austerity and reduce the labor wedge.

Suggested Citation

  • Pastore, Francesco, 2015. "The European Youth Guarantee: Labor Market Context, Conditions and Opportunities in Italy," IZA Discussion Papers 8921, Institute of Labor Economics (IZA).
  • Handle: RePEc:iza:izadps:dp8921
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    References listed on IDEAS

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    1. Pierre Cahuc & Stéphane Carcillo & Ulf Rinne & Klaus Zimmermann, 2013. "Youth unemployment in old Europe: the polar cases of France and Germany," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 2(1), pages 1-23, December.
    2. Quintini, Glenda & Martin, John P. & Martin, Sébastien, 2007. "The Changing Nature of the School-to-Work Transition Process in OECD Countries," IZA Discussion Papers 2582, Institute of Labor Economics (IZA).
    3. repec:spr:spbrec:978-3-319-10196-5 is not listed on IDEAS
    4. 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.
    5. Lorenzo Cappellari & Carlo Dell’Aringa & Marco Leonardi, 2012. "Temporary Employment, Job Flows and Productivity: A Tale of Two Reforms," Economic Journal, Royal Economic Society, vol. 122(562), pages 188-215, August.
    6. Francesco Pastore, 2010. "Assessing the impact of incomes policy: the Italian experience," International Journal of Manpower, Emerald Group Publishing, vol. 31(7), pages 793-817, October.
    7. O'Higgins, Niall, 2015. "Youth Unemployment," IZA Policy Papers 103, Institute of Labor Economics (IZA).
    8. Kyriacos Aristotelous, 2006. "Are There Differences Across Countries Regarding the Effect of Currency Unions on Trade? Evidence from EMU," Journal of Common Market Studies, Wiley Blackwell, vol. 44(1), pages 17-27, March.
    9. Gitto, Lara & Minervini, Leo Fulvio & Monaco, Luisa, 2012. "University dropouts: supply-side issues in Italy," MPRA Paper 56656, University Library of Munich, Germany, revised Nov 2013.
    10. Francesco Pastore, 2009. "School-to-Work Transitions in Mongolia," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(2), pages 245-264, December.
    11. David Bell & David Blanchflower, 2015. "Youth unemployment in Greece: measuring the challenge," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-25, December.
    12. Francesco Pastore & Luca Giuliani, 2015. "The determinants of youth unemployment. A panel data analysis," Discussion Papers 2_2015, CRISEI, University of Naples "Parthenope", Italy.
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    Citations

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    Cited by:

    1. Pastore, Francesco, 2017. "Why So Slow? The School-to-Work Transition in Italy," IZA Discussion Papers 10767, Institute of Labor Economics (IZA).
    2. repec:spr:italej:v:3:y:2017:i:1:d:10.1007_s40797-016-0045-8 is not listed on IDEAS
    3. Pastore, Francesco, 2017. "Getting it right. Youth employment policy within the EU," GLO Discussion Paper Series 67, Global Labor Organization (GLO).
    4. Floro Ernesto Caroleo & Elvira Ciociano & Sergio Destefanis, 2017. "The role of the education systems and the labour market institutions in enhancing youth employment: a cross-country analysis," Discussion Papers 1_2017, CRISEI, University of Naples "Parthenope", Italy.
    5. repec:ces:ifofor:v:18:y:2017:i:2:p:19-25 is not listed on IDEAS
    6. Bratti, Massimiliano & Ghirelli, Corinna & Havari, Enkelejda & Santangelo, Giulia, 2018. "Vocational Training for Unemployed Youth in Latvia: Evidence from a Regression Discontinuity Design," IZA Discussion Papers 11870, Institute of Labor Economics (IZA).

    More about this item

    Keywords

    neoclassical unemployment; Keynesian unemployment; youth experience gap; youth unemployment; school-to-work transition; European Social Model; European Youth Guarantee; mismatch and frictional unemployment; Italy;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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