49 Pages Posted: 28 Mar 2012 Last revised: 27 Apr 2012
Date Written: February 20, 2012
This working paper: (i) describes recent labour market trends; (ii) analyzes how young people are experiencing a double employment crisis as a result of the demographic phenomenon known as the ‘youth bulge,’ which aggravates the already low demand for labour during the economic downturn; (iii) explores the household level impacts of the jobs crisis, with particular attention to the severe risks posed to children and young workers; (iv) discusses policy responses during the two phases of the crisis - fiscal expansion (2008-09) and fiscal contraction (2010); and (v) presents a UN agenda on how to generate decent employment, which covers macroeconomic and sector policy options along with labour-specific strategies to place jobs, especially for youth, at the center of recovery efforts.
Keywords: youth employment, youth bulge, jobs, crisis recovery, development policy, crisis impacts
JEL Classification: J1, J21, J48, J8, E24, E6, H12
Suggested Citation: Suggested Citation
Ortiz, Isabel and Cummins, Matthew, When the Global Crisis and Youth Bulge Collide: Double the Jobs Trouble for Youth (February 20, 2012). Available at SSRN: https://ssrn.com/abstract=2029794 or http://dx.doi.org/10.2139/ssrn.2029794