New America Foundation
This paper argues that common definitions of financial capability understate the role of psychological barriers to establishing sound financial behaviors, namely savings habits. Drawing on insights from psychology and behavioral economics, we explore these missing psychological variables in the standard financial capability equation and suggest mechanisms, or nudges, to overcome those barriers to accelerate financial capability among low-income youth.
Center for Social Development; University at Buffalo, State University of New York; Virginia Commonwealth University
This study examines the impacts of Child Development Accounts (CDAs) on account holding, saving, and asset accumulation for children, using data from the SEED for Oklahoma Kids experiment (SEED OK). SEED OK provides a 529 college savings plan account to every infant in the treatment group with automatic account opening and initial deposits. The results suggest that universal CDAs can result in higher levels of savings and asset accumulation targeted for children’s future development.
This paper conducts a landscape assessment of organizations delivering or facilitating financial education programs, identifies the purpose of the financial education, reviews the associated curricula (when available), understands target groups, and analyzes content and delivery. These findings and recommendations are then used to inform future approaches on how to extend financial education to adolescent girls.
McKinsey & Company
This paper draws on insights from interviews with more than 50 leaders and experts in the private and social sectors who focus on women’s economic empowerment, as well as a global survey of nearly 2,300 senior private sector executives, soliciting their views on their organizations’ current and prospective involvement in women’s economic empowerment in developing countries and emerging markets. Particular sections of this publication specifically address the need to support and invest in adolescent girl’s growth in education and business training.
International Labour Organization
The ILO is committed to helping Governments and social partners in identifying main employment issues and in designing and implementing integrated policy responses. As part of this work, the ILO seeks to enhance the capacity of national and local level institutions to undertake evidence-based analysis that feeds social dialogue and the policymaking process. To assist member States in building a knowledge base on youth employment that helps better and informed policy-making, the ILO has designed a methodology referred to as a “school-to-work transition survey” (SWTS).The SWTS was developed to quantify the relative ease or difficulty faced by young people in “transiting” to a job that meets the basic criteria of “decency”, namely a job that provides the worker with a sense of permanency, security and personal satisfaction.
The United Nations
This fact sheet discusses youth employment.
International Center for Research on Women (ICRW)
As HIV prevalence continues to rise globally among girls and young women, the need to develop effective prevention and mitigation strategies for this population is urgent. This paper draws on the published and grey literature related to HIV and girls and young women, and economic empowerment programs among adult women, young women and girls to address the following key questions:
Why focus on girls? Why are girls and young women particularly vulnerable to HIV? How does economic vulnerability intersect with gender inequality to exacerbate HIV risk and vulnerability?
What is economic empowerment? Through what pathways might economic empowerment contribute to HIV risk reduction among girls and young women?
To what extent are girls currently being reached by combined economic empowerment and HIV programs?
This paper provided the background for the meeting, Emerging Insights on Economic Empowerment and HIV Interventions for Girls and Young Women, convened by ICRW with support from the Nike Foundation.
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.
Understanding Children’s Work (UCW) Programme
Overcoming the related challenges of child labour and the lack of decent work opportunities for youth will be critical to Rwanda’s progress towards the Millennium Development Goals. The effects of child labour and poor youth employment outcomes are well-documented: both can lead to social vulnerability and societal marginalisation, and both can permanently impair productive potential and therefore influence lifetime patterns of employment and pay.
The World Bank Group
The objective of this paper is to quantify the opportunity cost of girls' exclusion from productive employment with the hope that stark figures will lead policymakers to reconsider the current underinvestment in girls. The paper explores the linkages between investing in girls and potential increases in national income by examining three widely prevalent aspects of adolescent girls' lives: early school dropout, teenage pregnancy and joblessness. The countries included in the analysis are: Bangladesh, Brazil, Burundi, China, Ethiopia, India, Kenya, Malawi, Nigeria, Paraguay, Senegal, South Africa, Tanzania, and Uganda.