Youth employment in europe: do institutions and social capital explain better than mainstream economics?

Why did employment growth--high in the last decade-- take place at the expense of young workers mainly, but not only. in the countries of Southern Europe? Youth unemployment is now exceeding 30%, after decades hovering around 20% and over, despite a variety of factors, common to most EU countries, t...

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Published inThe European journal of comparative economics : EJCE Vol. 9; no. 2; pp. 247 - 277
Main Author Contini, Bruno
Format Journal Article
LanguageEnglish
Published Castellanza Mario Rostoni Library - Universita Carlo Cattaneo- LIUC 01.08.2012
Università Carlo Cattaneo - Biblioteca Mario Rostoni
Università Carlo Cattaneo LIUC
Subjects
Aging
Capitalism
Collective bargaining
Cultural values
Demography
Denmark
Early retirement
Economic aspects
Economic theory
Educational attainment
Employment
Flexibility
Flexible hours of work
France
Greece
Labor costs
Labor market
Labour market
Netherlands
Population decline
Social capital
Socioeconomic factors
Southern Europe
Spain
Studies
Teenagers
Traditions
Unemployment
Unionization
United Kingdom
Young adults
Younger workers
Youth
Youth employment
Greece
Denmark
United Kingdom
Netherlands
France
Spain
Southern Europe
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Summary:Why did employment growth--high in the last decade-- take place at the expense of young workers mainly, but not only. in the countries of Southern Europe? Youth unemployment is now exceeding 30%, after decades hovering around 20% and over, despite a variety of factors, common to most EU countries, that would be expected to reduce its evolution: population ageing and the demographic decline, low labor cost of young workers, flexibility of working arrangements, higher educational attainment, low unionization of young workers, early retirement practices of workers 50+. But neither seems to provide a convincing explanation for countries of Southern Europe. Historically based institutions and political tradition, cultural values, social capital--factors that go beyond the standard explanation of economic theory--provide a more satisfying interpretation.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
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ISSN:1824-2979
1824-2979