The recent recession has led to an ongoing crisis in the youth labour market in Europe. This timely book deals with a number of areas related to the context, choices and experiences of young people, the consequences of which resonate throughout their lives. The focus of the contributions to this volume is on issues which, whilst undoubtedly important, have thus far received less attention than they arguably deserve.
The first part of the book is concerned with issues related to education and training, covering matters such as the role of monopsony in training, the consequences of over-education, and the quality of educational institutions from primary to tertiary. The second part is primarily concerned with the long-term consequences of short-term choices and experiences including contributions on health-related choices, health consequences later in life, factors affecting the home-leaving decision, as well as an analysis of the increasing intergenerational transmission of inequality; a trend which accelerated during the recession. The last part of the book deals with issues related to youth unemployment and NEET – the direct consequence of the recession.
This book contains a number of innovative analyses reporting significant findings that contrast with standard models. Some of the more interesting results directly contradict conventional wisdom on a number of topics from the importance of monopsony in training markets to the importance of transitory income changes on consumption of addictive goods. This book is suitable for those who study labor economics, political economy as well as employment and unemployment.
TABLE OF CONTENTS
part I|98 pages
Education and training
chapter 4|18 pages
Should I stay or should I go? Dropping out from university
chapter 6|20 pages
The future has early roots
part II|116 pages
Short-term choices with long-term consequences
chapter 7|17 pages
Smoking, drinking, never thinking of tomorrow
chapter 9|24 pages
Leaving home and housing prices
chapter 10|25 pages
Leaving home and poverty before and after the economic crisis in southern European countries
chapter 11|13 pages
Youth unemployment and health over 50
chapter 12|17 pages
Intergenerational equity and intergenerational mobility in Italy
part III|63 pages
Youth labour markets, NEET and the crisis