The economic crisis has exacerbated youth unemployment levels. This observation is all the more worrying when we look at NEET (not in education, employment or training) levels.
The long-term consequences will probably be a deterioration in the future wages and employability of an entire generation: a real productivity shock.
It is imperative that European countries step up efforts to implement active employment policies, combined with reform of higher education and more support for intra-European mobility.
The Youth Guarantee and the Youth Employment Initiative may work but more funding needs to be allocated.
The long-term consequences will probably be a deterioration in the future wages and employability of an entire generation: a real productivity shock.
It is imperative that European countries step up efforts to implement active employment policies, combined with reform of higher education and more support for intra-European mobility.
The Youth Guarantee and the Youth Employment Initiative may work but more funding needs to be allocated.