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The Growing Challenge of Youth Unemployment in Europe & USA Cross-Cultural Perspective$
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Radha Jagannathan

Print publication date: 2021

Print ISBN-13: 9781529200102

Published to Policy Press Scholarship Online: January 2022

DOI: 10.1332/policypress/9781529200102.001.0001

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PRINTED FROM POLICY PRESS SCHOLARSHIP ONLINE (www.policypress.universitypressscholarship.com). (c) Copyright Policy Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PPSO for personal use.date: 03 July 2022

Educating Youth for Future Unemployment in Greece

Educating Youth for Future Unemployment in Greece

(p.101) 5 Educating Youth for Future Unemployment in Greece
The Growing Challenge of Youth Unemployment in Europe & US

Radha Jagannathan

Ioanna Tsoulou

Policy Press

Written by Radha Jagannathan and Ioanna Tsoulou, this chapter begins with a discussion of the economic turmoil Greece has experienced in recent history and takes us through the debt crisis, the austerity measures that followed, and the cash-for-reform deal with the EU. Focusing principally on the supply side and on the Greek society’s tendency for over-educating its young, the chapter describes the rise of the precariat as a direct consequence of the labor market’s inability to absorb the high-educated/high skilled labor, and focuses attention on the prevailing norms of clientelism, nepotism and non-meritocracy that have earned Greece a rather dubious distinction as one of the most corrupt western democracies. After an overview of the Greek education system and the rather poor reputation of its VET, the chapter provides a comparative discussion of the active labor market policies in Greece and Portugal and why similar reforms in the two countries led to divergent results. The chapter explores Greece’s capacity to adopt an entrepreneurship pathway to curbing youth unemployment and presents results from a survey of 30 Greek youth who opined on the issues of youth labor market.

Keywords:   Precariat, Over-education, Active Labor Market Policies, ALMPs, Self-employment, Boomerang kids

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