Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies
Staff Discussion Notes, January 22, 2019
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- Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies
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Bibliographic details
- Authors: JaeBin Ahn, Zidong An, John C Bluedorn, Gabriele Ciminelli, Zsoka Koczan, Davide Malacrino, Daniela Muhaj, Patricia Neidlinger
- Published: January 22, 2019
- Series: Staff Discussion Notes
- DOI: https://doi.org/10.5089/9781484393901.006
Overview
- Economic development and growth depend on a country’s young people.
- In the typical emerging market and developing economy, youth constitute about a third of the working-age population.
- Youth face a challenging labor market: about 20 percent of them are neither employed, in school, nor in training (the youth inactivity rate), which is double the share in the average advanced economy.
Key findings
- Bringing youth inactivity in emerging market and developing economies down to the level in advanced economies, and getting those inactive young people into new jobs, would have substantial economy-wide effects:
- The working-age employment rate in the average emerging market and developing economy would rise more than 3 percentage points.
- Real output would get a 5 percent boost.
- The Staff Discussion Note presents these estimates as indicative of the macroeconomic importance of improving youth labor market outcomes.
Content in this bundle
- Staff Discussion Note