Download Generation Jobless?: Turning the youth unemployment crisis by Peter Vogel (auth.) PDF

By Peter Vogel (auth.)

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Extra resources for Generation Jobless?: Turning the youth unemployment crisis into opportunity

Example text

While national training policies differ from country to country, they share a number of common challenges. The list is long and on top of it is how to create a closer link between education, training, and the world of work. There is an increasing awareness among governments of the importance of skills and employability, and there is also an openness to work with the private sector to get their training and skill development right. The spinoffs of such a positive public-private partnership agenda would be mutually beneficial.

3 NEET Rate vs. Youth Unemployment Rate Clearly the concepts of NEET and youth unemployment are closely related. Yet, there are some fundamental differences between both which have quite strong influences on labor market policies. Youth unemployment captures the share of young people who are generally speaking economically active and looking for employment but cannot find a job. In contrast, NEET captures the share of young people who are currently disengaged from both the labor market and education, that is the unemployed and the inactive young people who are not in education or training (Eurofound, 2012).

The figure depends largely on the definition of unemployment, for instance on whether full-time high-school and university students in the age group 15–24 who wants to work a few hours a week beside their studies are classified as unemployed. ” To take these issues into account, I will next provide a few basic definitions of the youth unemployment rate and ratio as well as the NEET rate (neither in employment, education or training). Moreover, I will briefly introduce the youth-to-adult unemployment ratio as an additional insightful metric to capture structural challenges on the youth labor market.

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