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Getting it right. Youth employment policy within the EU

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  • Pastore, Francesco

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 eacg 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.

Suggested Citation

  • Pastore, Francesco, 2017. "Getting it right. Youth employment policy within the EU," GLO Discussion Paper Series 67, Global Labor Organization (GLO).
  • Handle: RePEc:zbw:glodps:67
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. Francesco Pastore, 2009. "School-to-Work Transitions in Mongolia," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 6(2), pages 245-264, December.
    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. repec:caq:j950ix:doi:10.7384/87127:y:2017:i:1:p:133-146 is not listed on IDEAS
    9. Luciano Mauro & Francesco Pigliaru, 2013. "Decentralization, Social Capital and Regional Convergence," Working Papers 2013.57, Fondazione Eni Enrico Mattei.
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    Cited by:

    1. Caroleo, Floro Ernesto & Pastore, Francesco, 2017. "Investing in Human Capital to Boost Growth!," IZA Policy Papers 135, Institute for the Study of Labor (IZA).

    More about this item

    Keywords

    Youth Unemployment; Maastricht Treaty; Europe2020; School-to-Work Transition; Dual Education System; European Youth Guarantee; Work related learning; EU;

    JEL classification:

    • H52 - Public Economics - - National Government Expenditures and Related Policies - - - Government Expenditures and Education
    • I2 - Health, Education, and Welfare - - Education
    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • 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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