Youth unemployment

Unless otherwise defined, the number of unemployed persons in the 15-24 age group. Sometimes the age group from 25 to 29 is also included. The ECB monitors this figure because high youth unemployment also entails higher government social spending in the medium and long term. – It is completely frivolous and inaccurate to blame a high percentage of youth unemployment on the financial market or speculators, as is often done. The only thing that is correct is that the root of this evil is to be found deep within the societies concerned. – See labor costs, labor demand, growth-employment link, two-pillar principle. – See ECB Monthly Bulletin of September 2008, pp. 84 ff. (breakdown; overviews since 1983; possible measures against youth unemployment), ECB Monthly Bulletin of February 2013, pp. 75 ff. (unemployment in the euro area broken down by age group and member country), Deutsche Bundesbank Monthly Bulletin of August 2013, pp. 23 ff. (detailed presentation; adjustment function in EMU; overviews), ECB Monthly Report of February 2014, p. 77 ff. (youth unemployment since 2004; many overviews; p. 81: exhortation to policymakers).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
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