Macroeconomic consequences of youth unemployment

References

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@article{1709156,
      author = {George Owira Ogola, Dr. Yasin Ghabon},
      title = {Macroeconomic consequences of youth unemployment},
      journal = {Iconic Research And Engineering Journals},
      year = {2025},
      volume = {8},
      number = {12},
      pages = {739-744},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1709156.pdf},
      abstract = {Youth unemployment is a persistent macroeconomic issue that poses serious risks to social stability and economic growth, particularly in emerging nations like Kenya. With a focus on Kenya, this paper examines the complex effects of young unemployment from both a global and Sub-Saharan African standpoint. It draws attention to how youth unemployment lowers household income and consumption, causes underutilization of human capital, lowers tax revenue, and raises state spending on social welfare programs. Long-term societal repercussions, such as a rise in crime, mental health problems, drug misuse, and political instability, exacerbate these economic implications. The mismatch between education and labor market demands, fast population expansion, poor policy execution, and restricted access to formal work opportunities and capital are some of the structural factors contributing to youth unemployment in Kenya that are also covered in the paper. It recommends comprehensive policy measures, such as funding for Technical and Vocational Education and Training (TVET), labor market changes, entrepreneurial encouragement, and regional development projects, based on contemporary empirical evidence and literature. The paper concludes that addressing youth unemployment is crucial to achieving sustained economic growth, lower inequality, and accomplishing Kenya's Vision 2030 objectives.},
      keywords = {Youth unemployment, Macroeconomics, Economic Growth},
      month = {June},
  }