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Youth Unemployment In Eu: A Pressure To Avoid Long Term Social Empoverishment

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  • Bogdan MUNTEANU

Abstract

The paper looks at the empirical evidences (factual data), that unemployment in the young generation in the European Union in 2016 the life of citizens, the welfare and state of national economies, as well as the supra-national aggregations (the markets). In June 2016, the youth unemployment in EU was at 18.5% while this average points that in some countries like Greece and Spain, 1 out of 2 people under 25 years old is still unemployed(Eurostat, 150 and 155/2016). The paper looks at the relationship between youth unemployment and European economic policies, as people aged below 25 in 2008-2009 and that are below 35 today need to have a long term and productive job. I will point out some solutions that come in a wide consensus to address the problem. For this reason, to create jobs today is a must for economies. The article analyses statistical data from official EU publications, synthesizes the main findings, employing methodologies such as CBA (“cost-benefit analysis”) from social and economic viewpoint and “as is – to be” analysis, looking at empirical evidence of social trends, demographics and social statistics methods (i.e. EU unemployment). In regards to policy implications, interlink between financial and labour markets should point to the need for structural reforms and the possible solutions.

Suggested Citation

  • Bogdan MUNTEANU, 2016. "Youth Unemployment In Eu: A Pressure To Avoid Long Term Social Empoverishment," Europolity – Continuity and Change in European Governance - New Series, Department of International Relations and European Integration, National University of Political Studies and Public Administration, vol. 10(2), pages 1-35.
  • Handle: RePEc:epl:eplnew:y:2016:v:10:i:2:p:169-204
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    References listed on IDEAS

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    1. Laurence Ball & N. Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 115-136, Fall.
    2. Egebark, Johan & Kaunitz, Niklas, 2013. "Do payroll tax cuts raise youth employment?," Working Paper Series 2013:27, IFAU - Institute for Evaluation of Labour Market and Education Policy.
    3. Lafourcade, Pierre & Gerali, Andrea & Brůha, Jan & Bursian, Dirk & Buss, Ginters & Corbo, Vesna & Haavio, Markus & Håkanson, Christina & Hlédik, Tibor & Kátay, Gábor & Kulikov, Dmitry & Lozej, Matija , 2016. "Labour market modelling in the light of the financial crisis," Occasional Paper Series 175, European Central Bank.
    4. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
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    Cited by:

    1. Ana Karina Alfaro Moreno & José Javier Núñez Velázquez, 2019. "Utilization of Mixed Distributions in the Calculation of Polarization: The Case of Spain," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(3), pages 911-946, April.

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