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CURRENT PROBLEMS OF UNEMPLOYMENT IN THE EUROPEAN AREA
Abstract
In recent years, the labor market for young people include to most flagrant problem not only in Europe but worldwide as well. The strategy Europe 2020 has different options for solving the problem of low young people employment at the macro level. In our paper, we have strived to contribute to the expansion of a general view of the unemployment in general and employment of men and women aged 15 to 24 years old. We focused on the current unemployment problem, especially for young people in the European area. Based on panel regression analysis, author illustrates his findings through a comparison of outcomes for young population group. In order to eliminate the current state of youth unemployment in the European area, the EU Member States must to reduce the taxes on labor markets, eliminate differences in the legislation on employment protection between employment contracts and adopt targeted measures pursuant to stimulate youth employment.
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