Zimmermann, Klaus F. (ed.) Biavaschi, Costanza (ed.) Eichhorst, Werner (ed.) Kendzia, Michael J. (ed.) Muravyev, Alexander (ed.) Pieters, Janneke (ed.) Rodriguez-Planas, Nuria (ed.) Schmidl, Ricarda (ed.)
Youth Unemployment and Vocational Training
- Hanover, MA, Now Publishers, 2013
- 170 pages
- J6 399
- Foundations and Trends in Microeconomics .
This paper focuses on the determinants of the labor market situation of young people in developed countries and the developing world, with a particular emphasis on the role of vocational training and education policies. We highlight the role of demographic factors, economic growth and labor market institutions in explaining young people's transition * This manuscript is based on a Background Paper for the 2013 World Development Report on Jobs. The Background Paper was commissioned to IZA by the World Bank in Full text available at: http://dx.doi.org/10.1561/0700000058 into work. Subsequently, we assess dierences etween the setup and functioning of the vocational education and training policies across major world regions as an important driver of dierential labor market situation of youth. Based on our analysis, we argue in favor of vocational education and training systems combining work experience and general education and provide some policy recommendations regarding the implementation of education and training systems adapted to a country's economic and institutional context.