Finding a good job is increasingly difficult – especially for young people. Globally, young people are up to four times more likely to be unemployed than adults. Furthermore, the lack of opportunity can have devastating consequences for their long-term employment outcomes. Youth often lack the skills and competencies that are in high demand from employers, but they also face information gaps about which relevant skills they should signal to prospective employers.
To better understand youth and skills trends in emerging markets, the Solutions for Youth Employment (S4YE) Coalition embarked on a research collaboration with LinkedIn to analyze demand and supply side data from 390,000 entry-level job postings and 6.4 million LinkedIn profiles of young people (aged 21-29) in four diverse middle-income countries. Using big data analytics, the recently released report The Skills Gap or Signaling Gap: Insights from LinkedIn in emerging markets of Brazil, India, Indonesia, and South Africa brings the following three insights on what skills employers in those countries are looking for in youth hires.
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We are developing Macro Simulation Models to estimate how investments and interventions may generate jobs. Following the Jobs Study conducted by the International Finance Corporation (IFC), the World Bank Group’s private sector arm, the Let’s Work Partnership was established to develop, refine, and apply tools to estimate direct, indirect, and induced job effects. Macro models are one of these tools.
This year’s International Women’s Day “Women in the Changing World of Work: Planet 50-50 by 2030” places great emphasis on equality and economic empowerment. When countries give women greater opportunities to participate in the economy, the benefits extend far beyond individual girls and women but also to societies and economies as a whole. A recent study shows that raising labor participation of women at par with men can increase GDP in the United States by 5 percent, in the UAE by 12 percent and in Egypt by 34 percent.
Brazil has the fourth largest population of inmates worldwide, a recipe for overcrowded, violent, inhumane prisons, and significant HIV/AIDS and tuberculosis infection rates. In the hopes of reducing recidivism and crime and improving human dignity, Brazil has adopted the APAC (Association of Protection and Assistance for Convicts) Professional Qualification Project, We recently spoke with Gianfranco Commodaro, the Minas Gerais Director for the AVSI Foundation, who said the APAC project has helped dramatically reduce recidivism in Brazil, from 80-85 percent in the public penitentiary system to about 10 percent in APACs.
For Brazil, the Single Registry — called Cadastro Unico — serves as the backbone for its social programs (such as Bolsa Familia). It was introduced in the early 2000s and stands out as an example of best practices for countries eager to use Management Information Systems to identify the socio-economic profile of their poor people. We recently asked Claudia Baddini, Director of Cadastro Unico, about lessons learned so far. She stresses the importance of integrating job generation programs with social assistance and creating an anchor program that encourages people to register.
If you are at the prime working age of 35-55 years old and watching the 2013 South American Youth Championship (Campeonato Sudamericano Sub-20) — which is taking place in Argentina and will qualify the four South American teams to the 2013 FIFA U-20 World Cup — then you may be forgiven for thinking of trading places with a 20-year-old. Young people are healthier and stronger, and they don't worry about waistlines and other signs of age. But one thing would worsen as a result of the trade: your labor market prospects. Young workers almost invariably have lower wages and higher rates of unemployment than older workers.