Proceedings of the 14th International Academic Conference, Malta

YOUTH UNEMPLOYMENT IN THE CZECH REPUBLIC AND TARGETS FOR 2020 IN THE LABOUR MARKET

JENA ŠVARCOVÁ, MONIKA HORÁKOVÁ

Abstract:

Youth unemployment in the EU and in the Czech Republic has increased significantly in recent years. This is partly a consequence of the economic crisis that has hit Europe since 2008. This article also analysis other factors, which had an impact on the increase in youth unemployment in the Czech Republic. Strategic objectives of EU employment and training for the labour market were confronted with the methodology of measurement of employment and unemployment, and supplemented by information on the application of ESA 2010, Comprehensive revision in the national accounts by Czech Statistical Office since October 2014. Primary research among high school students across the Czech Republic and students of Faculty of Management and Economics, Tomas Bata University in Zlín in the years 2011-2014 found a weak focus in the choice of professions. The research used the classification system of professions according to Roe because of CZ-ISCO has proved to be unsatisfactory for this purpose. Student preferences in choosing the professions largely do not match the structure of the Czech economy. Research, on the other hand, confirmed the prevailing educational aspirations of students at the bachelor level of the tertiary education. This is important to fulfilling the target that 40% of the population aged 30-34 years successfully finish tertiary education till 2020. Lengthening the period of economic inactivity of students before entering the labour market in the borders of 26 years will bring increased demand for funding from relatives. This will deepen intergenerational problem - 50 years old parents will have to take care of their dependent offspring in studies, but they should save money for retirement. This problem can threaten funding for studies of young people. On the other hand, it could accelerate the access of young people to the labour market.

Keywords: Labour Market, Youth Unemployment, ESA 2010, Educational Aspirations, Choice of Professions

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