The European Youth Guarantee: Labor Market Context, Conditions and Opportunities in Italy

Francesco Pastore

No 8921, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In principle, the program should be able to affect the frictional and mismatch components of unemployment, if not the Keynesian and neoclassical ones, as also the experience of Scandinavian countries suggests. However, this requires an in-depth transformation of the entire school-to-work transition system, involving not only public employment services, but also educational and training systems. To tackle the Keynesian and neoclassical components of unemployment, instead, it is vital to rethink the European austerity and reduce the labor wedge.

Keywords: neoclassical unemployment; Keynesian unemployment; youth experience gap; youth unemployment; school-to-work transition; European Social Model; European Youth Guarantee; mismatch and frictional unemployment; Italy (search for similar items in EconPapers)
JEL-codes: E12 E62 H52 J13 J24 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2015-03
New Economics Papers: this item is included in nep-eec, nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17)

Published - published in: IZA Journal of European Labor Studies 2015, 4:11

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