Determinants of Employability of Young People in Congo

Constant Mathieu Makouezi,Ronel Guelor Ngobila

doi:10.4236/tel.2022.122018

Abstract

The objective of this paper is to analyze the determinants of employability of young people in Congo. To achieve this aim, we have combined both methodological approaches: the microeconomic approach and macroeconomic approach. The approach microeconomic highlights the microeconomic determinants from binary and multinomial logit models applied to the survey data of National Institute of Statistics while the macroeconomic approach estimates the macroeconomic determinants using the autoregressive models applied to aggregate data from the World Bank. The results show that the employability of young people depends on both microeconomic and macroeconomic factors. Take about microeconomic, education, individual gender, age; location residence and affiliate to a work organization are the main determinants of the employability. A macroeconomic level, analyzes have shown that GDP and gross fixed capital formation as well as imports are determinants of the employability of young people.

Highlights

Employability has always been at the heart of major economic debates both in terms of economic policies
The macroeconomic approach will be based on the ARDL model (Autoregressive Distributed Lag) or the autoregressive model with staggered delays introduced by Pesaran et al (2001) while the microeconomic approach highlights the binary logistic model which originates from choice theory, and from the utility functions of individuals (Van De Vyvere, 1995; Hakim, 2001)
The results of this article have shown that the employability of young people depends on microeconomic and macroeconomic factors

Summary

Introduction

Employability has always been at the heart of major economic debates both in terms of economic policies. This crisis which began in the United States has spread worldwide, with the corollary, an increase in the unemployment rate caused by the fall in demand. In order to be able to reduce the unemployment rate, the government of the day implemented an interventionist policy in favor of employment through well-targeted programs. These programs consisted of distinguishing between people who were going to be offered a stable job and those who were to receive social assistance. The notion of employability covers the ability of the individual to be able to exercise a job in society

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Conclusion