YOUTH UNEMPLOYMENT IN EU: A PRESSURE TO AVOID LONG TERM SOCIAL EMPOVERISHMENT

• Main Author: Bogdan MUNTEANU
• Format: Article
• Language: English
• Published: National University of Political Studies and Public Administration 2016-12-01
• Series: Europolity: Continuity and Change in European Governance
• Subjects: Education; ISLM model; labour market; monetary measures; retirement; youth unemployment.
• Online Access: http://europolity.eu/wp-content/uploads/2016/12/VOL10NO2-Munteanu.pdf

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.