COVID-19 and Tasmanian Youth Unemployment: A Policy Recommendation

Joaquin Vespignani and Maria Belen Yanotti

MPRA Paper from University Library of Munich, Germany

Abstract: The unemployment rate in Australia is expected to be at historically high levels in Australia because of Covid-19 and policies associated with social distance. Youth unemployment is generally twice the general unemployment rate. Tasmania youth unemployment is likely to reach 25-30% by the end of the year as the main industries affected by this crisis are tourism and hospitality, which employ a large share of young workers. This will have a significant impact on future skills and social costs for years to come. The literature on youth unemployment indicates that long-term unemployment after high-school leads to higher structural unemployment, poverty, crime, drug and alcohol abuse and welfare dependency. Consequently, it is vital to provide good opportunities for upskilling the youth population in Tasmania by providing income support to those young Tasmanians to pursue further education, in particular those who historically are not engaged in tertiary education. Achieving this imperative support will avoid a cohort of structural unemployment in Tasmania and higher income inequality

Keywords: COVID-19; Youth unemployment; Tasmania (search for similar items in EconPapers)
JEL-codes: E0 E02 E4 E40 E6 E60 (search for similar items in EconPapers)
Date: 2020, Revised 2020
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/101158/1/MPRA_paper_101158.pdf original version (application/pdf)

Related works:
Working Paper: COVID-19 and Tasmanian Youth Unemployment: A Policy Recommendation (2020)
Working Paper: COVID-19 and Tasmanian youth unemployment: a policy recommendation (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:101158

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().