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Ninguna institución puede reducir por sí sola el desempleo juvenil, dado que funcionan sinérgicamente constituyendo regímenes laborales y de bienestar. A partir de una revisión bibliográfica y un análisis de conglomerados, el autor establece cinco diferentes regímenes en la UE-27 y estima sus efectos en la proporción de desempleo juvenil y en la tasa de desempleo juvenil de larga duración. La mejor estrategia para favorecer los resultados laborales de los jóvenes resulta ser un sistema de aprendizaje dual integrado en un régimen laboral de mercado con altos niveles de seguridad social, buenas PAMT y un gasto elevado en educación y guarderías. [ABSTRACT FROM AUTHOR]

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Abstract: No single institution can reduce (long‐term) youth unemployment. Welfare and labour market institutions function as “bundles”, through multiple inter‐institutional synergies. Based on a focused literature review for theory and on cluster analysis for empirics, the author identifies five such regimes across the EU‐27 and estimates their effects on the youth unemployment ratio and on long‐term youth unemployment. The most helpful institutional arrangement for young people in the labour market would be a combination of strong dual apprenticeship embedded in a corporatist labour market regime with high levels of social security, active labour market policy, and spending on education and childcare. [ABSTRACT FROM AUTHOR]

One of the biggest challenges currently facing European society is the dramatically high level of youth unemployment. Commonly, political solutions and strategies can be found in those countries that have been able to keep youth unemployment low in spite of the financial and economic crises. Austria is such a case. On the basis of European Union Member State data, the article gives a multifactorial explanation of youth unemployment and asks whether these factors can explain relatively low youth unemployment in Austria. With the country's 'youth safety net' presented in detail, it is shown that active labour market policy reduces youth unemployment in Austria. The article also points out the limitations of cross-country comparisons of youth unemployment rates and proposes the use of a greater number of indicators. Finally, the article argues for economic policies to stimulate demand, which have to be based on a political and social commitment to full employment. [ABSTRACT FROM AUTHOR]