It’s common to hear analysts talk of “global growth” in a way that suggests that…
When the Global Crisis and Youth Bulge Collide: Double the jobs trouble for youth Isabel Ortiz and Matthew Cummins
The global economic crisis hit many countries just as they were experiencing a youth bulge. This working paper describes recent labour market trends; analyses how young people are experiencing a double employment crisis as a result of the demographic phenomenon known as the ‘youth bulge,’; explores the household level impacts of the jobs crisis, with particular attention to the severe risks posed to children and young workers; discusses policy responses during the two phases of the crisis—fiscal expansion (2008-09) and fiscal contraction (2010- ); and 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.
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