Yıl 2017, Cilt: 9 Sayı : 1 Sayfalar 115 - 131 2017-02-01
INVESTIGATION OF THE LINKAGES CONNECTED TO CHRONIC LEVEL OF YOUTH UNEMPLOYMENT: INEFFICIENCIES IN EUROPEAN LABOUR MARKETS (AND) INSTITUTIONS
Murat PUTUN
13 261

Öz Unemployment today poses as one of the most pressing social and economic reality globally; and has gained a new momentum with the emergence of substantiated new version of youth unemployment. This new version of unemployment has had a considerable impact on economic research in order to adres the issues waiting immediate actions. Youth unemployment is not only an important issue standing for young but also a macroeconomic phenomenon largely related to overall unemployment level. Hence it represents a particular importance for the policy makers whose actions needed to stabilise the economy. This work is an attempt to study youth unemployment in Europe which is increasingly reaching to unprecedented levels. It is an alarming fact is that youth unemployment average ratio in European Union countries is more than the double of overall unemployment rate and statistics have been increasingly worrying particularly for those of Southern member of EU and Ireland. Even though economic criss has aggravated the extent of youth unemployment, the impacts of youth unemployment had long been felt before the outburst of the recent economic crisis. While on the one hand it is possible to think of a positive linkage between economic activity and youth unemployment, on the other hand there is not enough empirical evidence to back up this underlined correlation. The channels through which youth and adult people were being effected had beeen profoundly differentiated and the difference between these two groups had largely been widened unfavourably against the former. The fundamental cause of youth unemployment in Europe lieas in the heart of structural factors in which both differences and similarities are found. This work shows that policies, strategies, reforms initiated by labour market institutions and other able bodies have not been synchronised in their excecution. The fact that EU is an Economic and Monetary Union invokes the required level of labour mobility to rebalance the employment level, but this mechanism has not performed well to absorb unemployment in general and youth unemployment in particular.

Anahtar Kelimeler

Birincil Dil
Konular
Yayımlanma Tarihi 1 Şubat 2017
Bölüm Araştırma Makalesi
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Tarihler

Yayımlanma Tarihi : 1 Şubat 2017


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Murat PUTUN