Youth unemployment in the system of social economic relations

Keywords: youth unemployment, social and labor relations, labor market, precarization, social exclusion, alienation, inclusive institutional regime

Abstract

Unemployment is a complex and socially acute macroeconomic problem. Youth unemployment in the current transformations of social and labor relations becomes especially relevant and requires a comprehensive study. Scientific understanding of the content and forms of youth unemployment is an important basis for developing practical measures to reduce it and effectively use the potential of youth in socio-economic development. The subject of the article is the phenomenon of youth unemployment, the aim is to reveal the features of modern youth unemployment in the current transformations of the labor market and develop practical measures to reduce it. To achieve this goal, the following tasks were set and solved: the reasons for the tendency to increase youth unemployment in the context of digitalization of the economy; the basic forms in which there is youth unemployment are characterized; the structure of youth unemployment is analyzed; the main directions of overcoming unemployment due to the improvement of youth policy in the labor market are proposed. To solve these problems, the following research methods were used: general scientific foundations and fundamental provisions of economic theory, interdisciplinary approach to a more meaningful disclosure of the unemployment category, behavioral scientific approach used to explain the behavior of young people in the labor market. The results of the study are: substantiation of the institutional imperfection of the labor market, which creates contradictions in the system of youth unemployment; characteristics of social exclusion of youth and other negative trends in the labor market in Ukraine. Conclusions. Ways to minimize youth unemployment through the formation of an innovative model of social and labor relations, the cultivation of inclusive institutions and active youth policy of the state are substantiated.

Downloads

Download data is not yet available.

References

Kolot A. (2014). Transformation of the institution of employment as a component of global changes in the social and labor sphere: the phenomenon of precarization. Labor market and employment.

Fedulova L. (2014). Inclusive innovations in the system of socio-economic development. Economy: the realities of time.

Hora, O. Sirovatka, T. (2020). Why targeting matters: The apprenticeship program for youth in the Czech Republic. Social Policy and Administration. 54(7). Pages 1198-1214. DOI: 10.1111/spol.12598

Alfonsi, L, Bandiera, O., Bassi, V., Burgess, R., Rasul, I., Sulaiman, M., Vitali, A. (2020). Tackling Youth Unemployment: Evidence From a Labor Market Experiment in Uganda. Econometrica. Volume 88, Issue 6. Pages 2369-2414. DOI: 10.3982/ECTA15959

Verd, J.M., Barranco, O., Bolíbar, M. (2019). Youth unemployment and employment trajectories in Spain during the Great Recession: what are the determinants? Journal for Labour Market ResearchVolume 53, Issue 1, Article number 4. DOI: 10.1186/s12651-019-0254-3

Romanika, T. (2020). Features of youth unemployment in a digital economy. International Scientific Journal "Internauka". Series: "Economic Sciences", 1 (4 (36), 72-76. Doi: 10.25313 / 2520-2294-2020-4-5891

Bussolo M., Davalos M. E. Peragine V., Sundaram R. (2018). Toward a new social contract: Taking on Distributional Tensions in Europe and Central Asia (Europe and Central Asia Studies). The World Bank.

Society at a glance 2019: (2019). OECD social indicators.

Indicators description: Share of youth not in employment, education or training (youth NEET rate) (2020). International Labor Organization. URL: https://ilostat.ilo.org/resources/concepts-and-definitions/description-youth-neet/

Romanika, T., (2020). The institution of power as a factor influencing youth unemployment in Ukraine. Business Inform, Issue 3, Pages 161-169. doi: 10.32983/2222-4459-2020-3-161-169

Global indicator framework for Sustainable Development Goals and targets of the 2030 Agenda for Sustainable Development (2020). United Nations. URL: https://unstats.un.org/sdgs/indicators/Global%20Indicator%20Framework%20after%202020%20review_Eng.pdf

Ajemoglu D., Robinson J. (2016). Why some countries are rich and others poor. The origins of power, prosperity and poverty. AST.

Ajemoglu D., Robinson J. (2018). Economic origins of dictatorship and democracy. Publishing House of the Higher School of Economics.

Published
2020-12-28
Cited
How to Cite
Romanika, T. (2020). Youth unemployment in the system of social economic relations. The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (12), 183-188. https://doi.org/10.26565/2310-9513-2020-12-19