{
  "title": "Work In Progress: Improving Youth Labor Market Outcomes in Emerging Market and Developing Economies",
  "publication": "Staff Discussion Notes, January 22, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/staff-discussion-notes/issues/2019/01/18/work-in-progress-improving-youth-labor-market-outcomes-in-emerging-market-and-developing-45130",
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  "summary": "Economic development and growth depend on a country’s young people. With most of their working life ahead of them they make up about a third of the working-age population in the typical emerging market and developing economy.",
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    {
      "heading": "Overview",
      "content": "- Economic development and growth depend on a country’s young people.\n- In the typical emerging market and developing economy, youth constitute about a third of the working-age population.\n- 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."
    },
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      "heading": "Key findings",
      "content": "- 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:\n  - The working-age employment rate in the average emerging market and developing economy would rise more than 3 percentage points.\n  - Real output would get a 5 percent boost.\n- The Staff Discussion Note presents these estimates as indicative of the macroeconomic importance of improving youth labor market outcomes.\n\n---\n\n Content in this bundle\n\n- Staff Discussion Note\n  - Staff Discussion Note (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Staff Discussion Note (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/staff-discussion-notes/issues/2019/01/18/work-in-progress-improving-youth-labor-market-outcomes-in-emerging-market-and-developing-45130"
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    "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",
    "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.",
    "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 Staff Discussion Note presents these estimates as indicative of the macroeconomic importance of improving youth labor market outcomes.",
    "**Staff Discussion Note**"
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