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February 3, 2014
Region:
The burden of the employment crisis is shared very unequally across generations and the euro area periphery faces an often termed “lost generation” which encounters unusually adverse labour market conditions. Youth unemployment, which refers to the population younger than 25 years, has received the bulk of attention, but also the early cohorts of the prime labour market population above 25 have experienced disproportionate employment losses. In addition, long-term unemployment is becoming increasingly prevalent across younger cohorts. The most affected countries have started to implement measures to facilitate job creation and the transition from education to work, which need to be complemented by effective activation policies not only aimed at the under-25s, but also at younger cohorts in the prime labour market age. [more]
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