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Flexicurity analysis of youngsters in Europe: the role of "capabilities" and human capital

Emanuela Ghignoni and Gabriella Pappadà

No 125, Working Papers in Public Economics from Department of Economics and Law, Sapienza University of Roma

Abstract: The paper presents some significant results of the YOUTH project (Young in Occupations and Unemployment: THinking of their better integration in the labour market), promoted by the European Commission DG Employment. The paper assumes that flexicurity is very important for young workers, because they are (as new entrants in the labour market and as workers with peculiar qualitative structural characteristics) particularly exposed to risks of unemployment, atypical employment and precariousness trap. In this framework, we perform a principal component and a cluster analyses to classify the EU Member States in accordance with the degree of achievement of flexicurity for young people. The analysis use a set of indicators wider than that identified in the four flexicurity pillars proposed by the EC and includes flexibility and security components more targeted to young people needs. In particular, we use further human capital indicators and some measures of combination security and young people autonomy that we propose as indicators of individuals' real opportunities, strictly tied to the concept of capabilities.

Keywords: youth employment; labour economic policies; flexicurity; capabilities; human capital. (search for similar items in EconPapers)
JEL-codes: J08 J21 J24 (search for similar items in EconPapers)
Pages: 39
Date: 2009-09
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