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Related Experiment Video

Updated: Dec 11, 2025

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COVID-19 Crisis: How to Avoid a 'Lost Generation'.

Dennis Tamesberger1, Johann Bacher2

  • 1Wirtschafts-, Sozial- u. Gesellschaftspolitik, Kammer für Arbeiter und Angestellte, Volksgartenstraße 40, 4020 Linz, Austria.

Inter Economics
|August 25, 2020
PubMed
Summary

The COVID-19 pandemic is projected to significantly worsen youth unemployment in the EU, potentially increasing the rate to 26% and affecting millions of young people not in education, employment, or training (NEET). Policymakers must act swiftly, proposing a new European Youth Guarantee for economic relief.

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Area of Science:

  • Economics
  • Sociology
  • Public Policy

Background:

  • The COVID-19 pandemic has severely impacted European economies, leading to a sharp rise in youth unemployment.
  • Existing economic vulnerabilities have been exacerbated, disproportionately affecting young individuals.

Purpose of the Study:

  • To estimate the impact of COVID-19 shutdowns on youth unemployment in the European Union for 2020.
  • To quantify the projected increase in young people not in education, employment, or training (NEET).

Main Methods:

  • Utilized simple model calculations to forecast economic consequences.
  • Analyzed the projected rise in youth unemployment figures and NEET statistics.

Main Results:

  • Youth unemployment in the EU is estimated to increase from 2.8 to 4.8 million.
  • The youth unemployment rate is projected to reach 26%, with NEET figures rising from 4.7 to 6.7 million.

Conclusions:

  • Urgent policy interventions are necessary at national and international levels to mitigate negative socioeconomic scenarios.
  • Proposed the establishment of a new European Youth Guarantee, co-financed by the EU and member states, to provide fiscal relief and ensure solidarity.