COVID-19 and Tasmanian youth unemployment: a policy recommendation

Joaquin Vespignani and Maria Yanotti ()
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Maria Yanotti: Tasmanian School of Business & Economics, University of Tasmania, https://www.utas.edu.au/profiles/staff/economics/maria-yanotti

No 2020-07, Working Papers from University of Tasmania, Tasmanian School of Business and Economics

Abstract: The unemployment rate in Australia is expected to be at historically high levels because of the Covid-19 health crisis and policies associated with social distancing. 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 better incentives for upskilling the youth population in Tasmania. Achieving this imperative support will avoid a cohort of structural unemployment in Tasmania and higher income inequality.

Keywords: youth unemployment; COVID-19; regional Tasmania (search for similar items in EconPapers)
Pages: 17 pages
Date: 2020
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Citations: View citations in EconPapers (1)

Published by the University of Tasmania. Discussion paper 2020-07

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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)
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