Empowering a new generation: how governments and businesses can unlock a $1 trillion prize.
Every person is born with potential: the key is unlocking that potential. So, how can we provide opportunities that empower young people to take ownership over their own future outcomes?
You can download our new Young Workers Index report by clicking below, where we discuss how governments and businesses can reap the rewards from playing their part in making this happen. You can also explore key findings from the research and use our new interactive tool to delve deeper into the data below.
Download the report
Our new research shows how well each of the OECD countries are developing the economic potential of youth and how this has changed over time. We also estimate the potential economic gain from getting young people into employment, education or training. Here are five key findings you need to know:
Use our new interactive data tool to explore how your country compares in the Young Workers Index by simply clicking on your country and year of choice. You can also find out how labour market trends have changed over time, such as youth unemployment rates and educational participation.
The statistics in our research reveal some important trends. But we shouldn't forget that these trends will have a long-term impact on the life opportunities of real people on the ground. We've provided four illustrative examples below of how the experience of young people can vary across countries. These are hypothetical cases, but reflect aspects of our research findings for each of these countries.
Jan finished secondary school and chose to pursue the vocational route, rather than academic education.
This dual-track vocational education and training allowed Jan to undertake an apprenticeship alongside classroom learning and he has now completed two industry-recognised qualifications.
Sarah needs to work two jobs to pay her bills. She has been free-lancing as a photographer for the past year but is struggling to land herself a permanent job with enough hours. She says: “The jobs that I’m applying for just don’t require the skills I have.”
It took 11 months for Min-ji to find her first job, as employers were reluctant to hire mothers with young children. Many of her friends are reluctant to start families due to the difficulties of getting good jobs afterwards. Min-ji said: “The government is trying to break down significant cultural barriers that hinder the employment prospects for young mothers but we still have a long way to go.”
Enrique has left school but is uncertain about career options, in particular, alternative options to higher education. Enrique is interested in engineering but has had little interaction with employers and not gained any experience in a working environment. He would be interested in vocational education but does not have sufficient information to make an informed choice.
Chief UK Economist
Tel: +44 (0)20 7213 1650
Economics & Policy Consultant
Tel: +44 (0)207 804 3991
Tel: +44 (0)207 212 8746