Young People in the Informal Economy and among the Working Poor
Most young workers in developing countries are in the informal economy, which includes unpaid family work to which young people often contribute (International Labour Organization, 2010, p. 3). Work in the informal economy does not provide access to entitlements such as health insurance, social security and other social protection measures.
An emerging picture: the increasing length of youth job searches
Recent statistics on youth employment present a gloomy state of affairs for today’s young people. In most developed economies, the long-term unemployment rates of youth significantly surpass those of adults. For example, in Italy, the gap between the youth and adult long-term unemployment rates is shocking: youth are three times more likely than adults to be unemployed for at least one year(International Labour Organization, 2011b, pp. 2-3).
