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

Author

Listed:
  • Mariana Bălan
  • Carmen-Marilena Uzlău
  • Corina Maria Ene

Abstract

The downturn on the global financial markets that struck the world economy in the mid 2008 affected the world economy in its whole, nevertheless, it also had a great impact upon the labour force market in the European countries. After several years of economic growth and of relatively high labour force occupation rate, this caused EU to register levels of decrease that had not been registered for decades. It is crucial to know the unemployment rate among the young in order to transform the young into active persons by means of specific policies aimed at this population category. The difficulties met by the young on the labour market have significant consequences upon their standard of living, upon their families and upon the national or international communities to which they belong. The most important effects of the young's inactivity are: the risk of poverty, the incapacity to play an active role in the development of the society, the lack of freedom in changing the society of which they form part. This work presents a short analysis of the unemployment among the young at world level, at the 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 youth occupancy. This work also deals with several of the measures adopted by different European states for the reduction of the unemployment rate among the young as well as for their introduction on the labour market.

Suggested Citation

  • Mariana Bălan & Carmen-Marilena Uzlău & Corina Maria Ene, 2012. "Evolutions Of Unemployment Among The Young Over The Economic And Financial Downturn," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(14), pages 1-16.
    • Handle: RePEc:alu:journl:v:1:y:2012:i:14:p:16
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    References listed on IDEAS

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    1. International Labour Office., 2010. "Global employment trends for youth : August 2010: special issue on the impact of the global economic crisis on youth," Global Employment Trends Reports 994588543402676, International Labour Office, Economic and Labour Market Analysis Department.
    2. International Labour Office., 2012. "Global employment trends for youth : 2012," Global Employment Trends Reports 994802013402676, International Labour Office, Economic and Labour Market Analysis Department.
    3. Niall O’Higgins, 2010. "Youth Labour Markets in Europe and Central Asia," Working Papers id:2740, eSocialSciences.
    4. Bell, David N.F. & Blanchflower, David G., 2011. "Youth Unemployment in Europe and the United States," IZA Discussion Papers 5673, Institute of Labor Economics (IZA).
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    More about this item

    Keywords

    unemployment; economic and financial downturn; occupancy;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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