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A possible way out: An European Youth Guarantee?

A possible way out: An European Youth Guarantee?. Massimiliano Mascherini mam@eurofound.europa.eu. Youth unemployment rate Nov. 12 23.7% ≈ 5.7 million. NEETs Not in Employment Education or Training 7.5 million aged 15-24 6.4 million aged 25-29. 14 million = 7 Member States.

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A possible way out: An European Youth Guarantee?

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  1. A possible way out:An European Youth Guarantee? Massimiliano Mascherinimam@eurofound.europa.eu

  2. Youth unemployment rate Nov. 12 23.7% ≈ 5.7 million NEETs Not in Employment Education or Training 7.5 million aged 15-24 6.4 million aged 25-29 14 million = 7 Member States

  3. Consequences of youth disengagement from labour market have a cost for the individual and the society! 2011 Foregone Earnings and unpaid taxes Excess of welfare transfer € 153,013,053,902 ≈ 1.2% of EU GDP Source: Eurofound

  4. EU Member Statesactively engaged in designing and implementing measures aimed at re-integrating young people into labour market. MEASURES TO HELP GROUPS AT A SPECIFIC DISADVANTAGE ON THE LABOUR MARKET (TRAINING) MEASURES WHICH AIM TO ENHANCE YOUNG PEOPLE'S EMPLOYABILITY MEASURES TO FACILITATE THE TRANSITION TO EMPLOYMENT MEASURES WHICH INTERVENE BEFORE RISK FACTORS OCCUR MEASURES WHICH AIM TO GET YOUNG PEOPLE BACK INTO EDUCATION / TRAINING Measures to remove practical / logistical barriers and employer incentives Measures to foster employability among young people Measures to facilitate the transition from school to work Measures aiming to prevent early school leaving (ESL) Measures aiming to reintegrate early school leavers Evaluating effectiveness is challenging Hard to indicate most successful approach.

  5. Youth Guarantee General agreement on value of youth guarantee in integrating young people into labour market, avoiding long-term consequences of unemployment Finnish Youth Guarantee Tailored Approach: PES to carry out a needs assessment and develop a personal development plan for the jobseeker The guarantee: Offer of a job, a study place or another activation measure In 2010 the intervention was successfully delivered toapproximately the 80% of participants.

  6. Youth Guarantee Typically provides tailored services that help young people to make moreinformed decisions about their transition to work. The guarantee is targeted on the needs of the jobseeker. • Encourages immediate action to address youth unemployment, before disengagement ‘sets in’ • Young people are not left alone and it is helpful to re-build young people’s trust in institutions The time of intervention is crucial and it has been found to be more effective with those ‘ready-to-work’ • The need to place young people on long term pathways, avoidingshort-term solutions

  7. Youth Guarantee Youth guarantee alone does not solve the structural problems of labour market access of young people • The success of youth guarantees is highly dependent on other public policies in place, i.e. apprenticeships, traineeships, and on the infrastructure of the public employment services and their capacity of delivering ad-hoc tailored support to young people. This is essential in the framework of an European Youth Guarantee

  8. Transferability of Youth Guarantee Estimating the cost of the implementation of the Youth guarantee is very hard and depends on the level of readiness of the country Tailored Approach: re-organization of the infrastructure of Public Employment Service, Implementation of new services for youth. Cost Delivery of the guarantee: re-organization and improvement or implementation of new education/training places; apprenticeships and internships. I.L.O.estimation is 21 billion. Eurofound will conduct anexercise on the transferability of youth guarantee for few countries later on this year.

  9. StepsForward • 153billion Euro/14 Million: This is the cost of inaction. 15% of NEETs 23 billion Euro • Essential to learn good practices one from each other. • Member States should adapt good practices to their national context when thinking to the transferability of these policies. An investment on youth guarantee is a long term investment. Whose returns goes beyond the economic dimension and includes the social dimension, having a positive impact on the future of our societies Time to Act! What happens if we fail in re-integrating young people into the labour market? We cannot afford to lose a generation!

  10. Our recent publications NEETs – Young people not in employment, education or training: Characteristics, costs and policy responses in Europe http://www.eurofound.europa.eu/pubdocs/2012/54/en/1/EF1254EN.pdf Youth Guarantee: Experiences from Finland and Sweden http://www.eurofound.europa.eu/pubdocs/2012/42/en/1/EF1242EN.pdf Effectiveness of policy measures to increase the employment participation of young people http://www.eurofound.europa.eu/pubdocs/2012/60/en/1/EF1260EN.pdf Recent policy developments related to those not in employment, education and training (NEETs) http://www.eurofound.europa.eu/docs/erm/tn1109042s/tn1109042s.pdf Active inclusion of young people with disabilities or health problems http://www.eurofound.europa.eu/pubdocs/2012/26/en/1/EF1226EN.pdf

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