Abstract
A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper analyses various dimensions of this challenge. We argue that though the conventional definition of “youth” is the 16-24 age group, there is a strong case for considering 25 to 29-year-olds as sharing common problems with conventionally defined youth. There are also grounds for examining why females seem to fare worse than males in the Greek labour market. The negative effects of the recession on Greek well-being have affected all age groups. J19; J21; J30; J64
Highlights
Youth unemployment is one of the principal economic and social problems of this decade
High relative and absolute youth unemployment rates are both likely to be a cause for concern
Greece is an outlier among our selection of nations, as is clear from Figure 4, which shows the ratio of female to male youth unemployment rates in each country for the period 2005 to 2012
Summary
Youth unemployment is one of the principal economic and social problems of this decade. Though, is the fact that in some countries like the UK and Sweden, the ratio of youth to adult unemployment rates is close to four, whereas in Greece and Spain it is closer to two. The youth unemployment rate does not capture those young people who neither participate in the labour market, nor in education.
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