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Landmarks Of Youth Labor Market Developments In The Knowledge-Based Society

Author

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  • Mariana BĂLAN

    (“Atheaneum” University from Bucharest, and Institute for Economic Forecasting-NIER, Romanian Academy)

Abstract

In recent decades, a continuous process of transition of the world economy from the development based on traditional factors to the one based on knowledge occurred. Development of the knowledge economy leads to changes in the labour market demand: new skills and abilities are required. With the introduction of new technologies the demand for highly skilled workers for low-skilled workers decreased.Although the young people have knowledge regarding new media tools and virtual environments, indispensable tools to the labour market in a knowledgebased economy, their unemployment rate is still double than the adult unemployment rate in some EU countries.n This paper presents a brief analysis of the problems faced by young people in the labour market, of the measures adopted in various countries in order to increase the role of education and training, both basic and continuing so as to increase the labour market insertion of young people in Romania and the EU-28 countries.

Suggested Citation

  • Mariana BĂLAN, 2015. "Landmarks Of Youth Labor Market Developments In The Knowledge-Based Society," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 38(1), pages 29-40, June.
    • Handle: RePEc:ath:journl:v:37:y:2015:i:1:p:29-40
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    More about this item

    Keywords

    knowledge-based economy; youth unemployment; new skills; education and training;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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