EFFECTS OF THE INCREASE OF YOUTH UNEMPLOYMENT ON THE LABOR MARKET

Criveanu Radu Catalin
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Criveanu Radu Catalin: University of Craiova, Faculty of Economics and Business Administration

Annals - Economy Series, 2012, vol. 3, 92-97

Abstract: The education reform has generated in the years 2011 and 2012 the most disastrous results in the history of transition from school (pre - university education) to active life (through continuation of studies or by insertion on the labor market), changing social parameters for this period. If from economic outlook, in 2011 the 28,000 young people of the 100,000 who failed to obtain the bachelor’s degree produced a 74 million Ron loss for the economy (cost of paying the unemployment benefits), in terms of social equity it was initiated the relocation of educational and occupational hierarchies. The year 2012 grows exponentially the unemployment among young people and deepens the budget deficit affected by the increasing amounts for the social benefits. In this context, the present article aims to analyze the effects of the rising unemployment on the labor market and to identify the best solutions for its balance in the period 2014 - 2020, complementary solutions for the ones proposed by members of the European Council, signers of the Declaration dated January 30th 2012, which aimed “to favorably strengthen growth and friendly increase employment”.

Keywords: labor market; failed bachelor’s degree examinations; young unemployed; effects of educational reform; high costs of unemployment benefits (search for similar items in EconPapers)
Date: 2012
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