Demand-Driven Training for youth employment programs build job-relevant skills valued by employers and useful for self-employment by offering both pre-employment skills development and some form of on-the- job training.
OECD LEED, Forum on Partnerships and Local Governance
Very often becoming an entrepreneur is the result of a personal decision making process including assessments of opportunities and their costs (being employed, being unemployed, being one’s own boss), risk-reward relationships (what is at stake), and others. Values, beliefs and behaviours, embedded in the culture of a country and a place, influence this decision.
This note argues that investing in children and youth (C&Y) is smart economics. Countries that produce a skilled, healthy, and productive workforce are better positioned in the global economy to achieve economic prosperity, political stability, and social wellbeing. Since capacities built during childhood and the youth period largely determine adult outcomes, effective investments in young people provide important returns not only to the individual and the community, but to society as a whole.
Center for Social Development, Washington University in St. Louis
Economic socialization and the institutional theory of saving offer different accounts for why adolescents' savings predicts savings in young adulthood. Economic socialization theory emphasizes the role that the family plays in whether or not youth develop a future time orientation and a habit of saving. Conversely, an institutional theory is built on the premise that acquisition of financial knowledge and resources are strongly influenced by structural failures related to social class and race. Using longitudinal data (N = 694) from the Panel Study of Income Dynamics (PSID) and its supplements, this paper asks whether having savings as an adolescent (ages 13 to 17) predicts having savings as a young adult (ages 18 to 22). Policy implications are discussed using both approaches and conclusions are drawn about how the approaches can be combined to create a saving intervention for adolescents.
MIDDLE EAST YOUTH INITIATIVE, Wolfensohn Center for Development, Dubai School of Government
Iran’s young men and women face serious challenges in their transitions to employment and marriage. We study the factors that affect these transitions using the 2005 School to Work Transition Survey (SWTS). As this survey contains detailed retrospective data of education, employment, and marital outcomes for youth ages 15-29, it provides a new and valuable tool for exploring the challenges facing these youth.
This toolkit was developed by Enlace and XacBank as part of The SEEP Network’s Innovations in Youth Financial Services Practitioner Learning Program (PLP), in partnership with The MasterCard Foundation. The purpose of this toolkit is to explore key differences in marketing financial services to youth as compared to adults and to provide tools for practitioners looking to scale up their services through marketing. The objective of this toolkit is to help organizations think through how to effectively market to youth in three critical stages—design, implementation, and evaluation—to reach more young clients in different market segments with innovative financial products and services.
Recently, savings initiatives for young people have been garnering increasing attention within the development community for their perceived potential to promote both youth development and financial inclusion. This paper surveys current practice to better understand the diverse range of youth savings initiatives under way in developing countries, and the actors promoting them in a range of forms for various objectives. It also gathers the little evidence available on the extent to which such savings initiatives are fulfilling their perceived dual development potential.
Youth are three times more likely to be unemployed than adults, even in economies with strong economic growth (ILO, 2008). This begs the question of what is it about youth that leads to such high rates of unemployment? And what can be done to help young people more efficiently integrate into the labor market?
This Note is a tool to provide policymakers and youth-serving organizations with a framework to better diagnose short- to medium-run constraints facing the stock of unemployed youth and to design evidence based youth employment interventions.