PwC Young Workers Index: How well are OECD economies developing the potential of their young people?

The global financial crisis and the subsequent prolonged periods of recession with sluggish growth led to a sharp rise in youth unemployment rates in many developed economies, but performance has varied considerably across countries.

To get a handle on these variations we have compiled a new Young Workers Index that captures a broad range of indicators relating to the participation of young people in employment, education and training for 34 OECD countries over the period since 2006. Switzerland, Germany and Austria come out top of these rankings for 2014.

We also estimate how much other OECD countries could boost their economies if they could match levels of performance in Germany, as well as considering how governments and businesses can work together to achieve these gains. Across the OECD, we estimate the potential long-term boost to GDP from such efforts at over $1 trillion, while for the UK the potential gain could be around £55 billion (3% of GDP).

Please read our report and watch our video to learn more.

 

This analysis complements our earlier Women in Work index and our Golden Age Index for older workers. It also links into our wider Megatrends research programme on demographic and social change.