Youth related measures of the Recovery and Resilience Facility. A RHOMOLO analysis

Nicholas Lazarou (nicholas.lazarou@ec.europa.eu), Anabela Marques Santos (anabela.marques-santos@ec.europa.eu), Juan Carlos Del Rio (juan-carlos.del-rio@ec.europa.eu) and Stelios Sakkas
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Nicholas Lazarou: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Anabela Marques Santos: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en
Juan Carlos Del Rio: European Commission - JRC, https://joint-research-centre.ec.europa.eu/index_en

No JRC129687, JRC Research Reports from Joint Research Centre

Abstract: Young people (15-29 years old) were the most impacted due to the Covid-19 pandemic crisis in terms of their labour market situation. In response to the crisis, the European Commission launched the Recovery and Resilience Facility (RRF), which became operative through Member States’ (MS) Recovery and Resilience Plans (RRPs). About 9% of the measures included in the RRPs approved by March 2022 are youth-related. Youth-related measures comprise investments to improve labour productivity and labour supply, as well as public infrastructures investments. The RHOMOLO analysis reported here quantifies the potential impact of these measures on GDP and employment at the NUTS2 level. RRF youth-related measures have the potential to increase GDP and employment by 0.8% and 0.5% respectively. The regions with the highest youth unemployment rates should benefit the most.

Keywords: rhomolo; general equilibrium; economic growth (search for similar items in EconPapers)
JEL-codes: C68 R13 (search for similar items in EconPapers)
Pages: 2 pages
Date: 2022-07
New Economics Papers: this item is included in nep-eec
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