Sustainable Development, Poverty, and Risk of Exclusion for Young People in the European Union: The Case of NEETs

Abstract

[Abstract]: The difficulties of access to the labor market remains in the post-crisis period, particularly for younger people and for those countries more affected by the crisis. The economic conditions with the precariousness of the labor market and higher unemployment taxes for youth, draws a scenario where the risk of poverty and social exclusion could influence young people and discourage them from social and economic participation, and thus the number of young people not in employment, education, or training (NEETs) will increase. The sustainable development in general and the social sustainability in particular needs to solve this important issue to get a balanced and fair social and economic scenario. In this work, the influence of socio economic variables related to the level of prosperity of the country and social protection as well as the risk of poverty and social exclusion on young NEETs is evaluated based on the EUROSTAT data for the year, 2016, for young people. The method was a structural equations model and the results confirm that the key important factors for explaining the situation of the NEETs’ are more related to poverty and exclusion than to the economic environment. The main conclusion from these results is the importance of implementing some inclusive actions to prevent an increase in the number of young NEETs, and boosting, in this way, a more balanced and sustainable society.