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Poverty and Inequality
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The Impact of the Financial Crisis on the Employment and Social Inclusion of Young People. What should be done?

Branislav Stanicek
European Issue n°220 - 28/11/2011

The 2007-2008 financial crisis has led to a new phenomenon on the employment market: a negative correlation between youth (under 30's) and senior employment (over 55's). Austerity measures are affecting the poorest but especially young people who have become a new "lost generation" in Europe. Branislav Stanicek's study explains the origins of the present crisis, notably the radical change in the situation of young people between 2007 and 2008, marked by the collapse of the employment market on both sides of the Atlantic and puts forward some proposals, notably a subsidy mechanism for young entrepreneurs.