Preparing Today’s Youth for Tomorrow’s
Financial Responsibility
UNEMPLOYMENT CRISIS IN INDIA
Why is YE so important?
 Youth is a period of transition and
vulnerability
 Vulnerability appears to increase with
globalization and increased competition,
everywhere
 Long periods of unemployment have a lasting
impact on youth:
 Individual level: self-esteem, respect, sense
of achievement
 Societal: integration, cohesiveness,
citizenship
Yen's 4 E’s to address youth
unemployment
1. Employability – investing in education
2. Equal opportunities – for men and
women
3. Entrepreneurship – start and run
businesses
4. Employment creation – as part of
macroeconomic policy
India Literacy Rate
The First E. Employability
• Definition: a key outcome of education
and training to instill skills, knowledge
and competencies of workers
• Reality: high cost of investment, skills
mismatch
• Invest in life skills, life-long learning, ICT,
entrepreneurship, SSEs in and out of
school
The Second E. Equal opportunities for
young men and women
• Before school: equal access and entry
for boys and girls
• In school: “tracking” out of TVE, career
guidance, double burdens, cultural
barriers, gender stereotyping,
harassment
• After school: credit access, lower skills
• In the job: discrimination in pay, training,
promotion
The Third E. Entrepreneurship
• Cultural attitudes: negative perceptions of
entrepreneurship, corruption, social
entrepreneurship
• Education: a system that stimulates
entrepreneurial spirit, teachers’ training
• Skills training: career training, ICT
• Business support: skills and services to run
your own firm
• Regulation: taxes, laws and burocracy
• Finance: youth as risky investments
The Fouth E. Employment creation
• Yes, it is the economy that creates jobs!
 Labour market policies
 Macro-economic policies
 Exchange rate policies
 Sectoral policies
 External economic shocks, disasters and wars
 Institutional support for youth employment:
governance, national employment strategy,
monitoring
Economic Problems
 Control of Population growth
 Employment Ability
 Communication skills
 Analytical skills
 Knowledge of its field domain
 Power of his authorities
 More vacancy , more opportunity
How To Overcome
Unemployment Is Problem
How To Overcome
Youth are the
solution
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  • 1.
    Preparing Today’s Youthfor Tomorrow’s Financial Responsibility UNEMPLOYMENT CRISIS IN INDIA
  • 2.
    Why is YEso important?  Youth is a period of transition and vulnerability  Vulnerability appears to increase with globalization and increased competition, everywhere  Long periods of unemployment have a lasting impact on youth:  Individual level: self-esteem, respect, sense of achievement  Societal: integration, cohesiveness, citizenship
  • 3.
    Yen's 4 E’sto address youth unemployment 1. Employability – investing in education 2. Equal opportunities – for men and women 3. Entrepreneurship – start and run businesses 4. Employment creation – as part of macroeconomic policy
  • 4.
  • 5.
    The First E.Employability • Definition: a key outcome of education and training to instill skills, knowledge and competencies of workers • Reality: high cost of investment, skills mismatch • Invest in life skills, life-long learning, ICT, entrepreneurship, SSEs in and out of school
  • 6.
    The Second E.Equal opportunities for young men and women • Before school: equal access and entry for boys and girls • In school: “tracking” out of TVE, career guidance, double burdens, cultural barriers, gender stereotyping, harassment • After school: credit access, lower skills • In the job: discrimination in pay, training, promotion
  • 7.
    The Third E.Entrepreneurship • Cultural attitudes: negative perceptions of entrepreneurship, corruption, social entrepreneurship • Education: a system that stimulates entrepreneurial spirit, teachers’ training • Skills training: career training, ICT • Business support: skills and services to run your own firm • Regulation: taxes, laws and burocracy • Finance: youth as risky investments
  • 8.
    The Fouth E.Employment creation • Yes, it is the economy that creates jobs!  Labour market policies  Macro-economic policies  Exchange rate policies  Sectoral policies  External economic shocks, disasters and wars  Institutional support for youth employment: governance, national employment strategy, monitoring
  • 9.
  • 10.
     Control ofPopulation growth  Employment Ability  Communication skills  Analytical skills  Knowledge of its field domain  Power of his authorities  More vacancy , more opportunity How To Overcome
  • 11.
    Unemployment Is Problem HowTo Overcome Youth are the solution