Abstract
Education has a vital role in improving youth employment. Increasing youth unemployment rates and the high share of the unemployed educated young population indicate that the labor market cannot create good job opportunities. This study analyzes the relationship between youth unemployment and education in countries with a high level of youth unemployment but having different characteristics: Turkey and Spain. The analysis was conducted using Johansen Cointegration tests. The results indicate no unidirectional causal relationship from enrollment in higher education towards youth unemployment rate in Turkey and Spain. Besides, it has been observed that the increase in the higher education schooling rate does not decrease youth unemployment. The results showing the relationship between youth unemployment and education will be crucial in designing policies to improve job markets for youth.
Highlights
Unemployment is one of the most important societal and economic problems in economies
Education is strongly linked to youth unemployment
Our results show no unidirectional causal relationship from enrollment in higher education towards youth unemployment rate in Turkey and Spain
Summary
Unemployment is one of the most important societal and economic problems in economies. Since there is a vast literature on comparing these two economies in terms of several macro-economic indicators, we first aim to see whether the root of the youth unemployment problem differs. Another contribution of the study is to discuss the youth unemployment problem in two countries that are different economically and geographically but show similar patterns in high youth unemployment rate. The results showing the relationship between youth unemployment and education will be crucial in designing policies to improve job markets for youth In this respect, we aim to analyze Spain and Turkey having similar characteristics to discuss and evaluate current policies.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
