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Social Policy Review 26Analysis and debate in social policy, 2014$
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Kevin Farnsworth, Zoë Irving, and Menno Fenger

Print publication date: 2014

Print ISBN-13: 9781447315568

Published to Policy Press Scholarship Online: January 2015

DOI: 10.1332/policypress/9781447315568.001.0001

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No Future to Risk? the Impact of Economic Crises and Austerity on Young People at the Margins of European Employment and Welfare Settings

No Future to Risk? the Impact of Economic Crises and Austerity on Young People at the Margins of European Employment and Welfare Settings

Chapter:
(p.155) Nine No Future to Risk? the Impact of Economic Crises and Austerity on Young People at the Margins of European Employment and Welfare Settings
Source:
Social Policy Review 26
Author(s):

Marion Ellison

Publisher:
Policy Press
DOI:10.1332/policypress/9781447315568.003.0009

Chapter Nine concerns the challenging times within which young people's employment trajectories are currently set. This chapter provides an examination of youth labour markets, drawing on developments in a range of European countries distinguished by their variety of capitalism. Proponents often frame austerity measures as being in the best long-term interests of young people, freeing them from the debt burden accumulated by their profligate and state-dependent forebears. However, the evidence presented in this chapter amply demonstrates that already disadvantaged young people are paying a heavy social cost now for a future where their security is likely to have suffered lasting and cumulative damage in terms of employment prospects and social mobility. The chapter concludes with some discussion of the differentiated effects of social investment strategies in youth employment, depending on their location within an austerity framework or within the recognition of both public and corporate responsibility for securing societal risk.

Keywords:   employment, young people, austerity, disadvantaged, social cost, social mobility

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