“Unemployment is a serious problem in

Developed Nations
Today”

Presented by:

Abdul Rehman
IQRA UNIVERSITY
 INTRODUCTION

Developing countries are becoming increasingly prominent in

the world economy as emerging market share and responsibility

within the global economy increases. Youth employment and

unemployment is a challenging policy arena for developing

countries, and little empirical evidence is available to inform policy

planning and development.

While there are numerous studies of youth labor market outcomes in

advanced countries, studies of youth labor in developing countries

are more limited. Since developing countries have considerably

larger young populations as compared to developed countries, issues

of youth employment and unemployment in developing economies,

first of all, will increase in importance as these countries continue to

gain weight within the global economy. Second, the fast arc of

development in newly industrializing countries provides a unique

opportunity to focus on how youth unemployment presents itself

within the global economy. Third, by examining youth

unemployment, one finds an opportunity to focus more broadly on

some of the problems of unemployment.

Therefore, the insights gained in this dissertation, as they are

pertinent to youth and to developing countries, can also unmask

chronic problems in the global economic system and give direction

to further studies concerning employment and unemployment.

According to the UNDP unemployment of youth between the ages

of 15 and 24 was 24.5 percent for Greece in 2007–2008 where

events turned into violent youth unrest after the killing of a teenager.

The rate of unemployment of youth aged 15–24 was 18.7 percent in

France in 2007 prior to the worldwide

Financial crisis and it reached 22.6 percent in 2009.

Unemployment is a serious problem in developed countries.

“It’s a recession when your neighbor loses his job,

It’s a depression when you lose your own”.

 Outline

1. INTRODUCTION
2. LITERATURE REVIEW

3. Methodological design

I. Methods, Data and Sample Selection.

II. Methods, Data and Sample Selection.

4. CONCLUSIONS
 LITERATURE REVIEW

The standard UN definition of youth is those people who are between the ages of
15 and 24 inclusive. Turkish Statistical Institute has adopted the standard UN
definition of youth has pointed out that, in practice, this definition may vary
according to the cultural and social characteristics of the context however, in
industrialized countries; the lower limit is usually the statutory minimum school
leaving age. There are greater differences across countries in the definition of the
upper limit for example, in Britain youth employment policy covers those aged 16
to18, While in Southern Italy youth employment policy is targeted at people
between the ages of 14 and 32.
According to the 2008 Global Employment Trends for Youth report prepared by
the ILO (2008), youth comprise approximately 40 percent of total unemployment
worldwide although they only account for one quarter of the total working age
population (ages 15 and over).

In (2004) has stated that there is a gap between adult wages and youth wages
arising from lack of experience, but there is no straight forward answer to
how great a gap is acceptable.

Various Indicators of Job Satisfaction: Another measure of labor market

conditions for youth is an indicator of job satisfaction. However, satisfaction
rates are difficult to measure. ILO (2004) has pointed out that the school to
work transition survey that ILO is implementing across countries could be a
good start to measure job satisfaction.
  Methodological design

High
Inflation
Rapid Growth Lack of
Population Business
opportunities

Unemployment

Lack of Lack of Lack of

opportunities Education Government
For youth Policies

Non- Conducive
Environment for
Lack of
Investors to
Education
Invest
Facilities

Poor excess
High of finance
Competition