Ebook188 pages4 hours
Youth Employment Programs: An Evaluation of World Bank and International Finance Corporation Support
By World Bank
Rating: 0 out of 5 stars
()
About this ebook
Youth employment issues are a major concern for many countries because they have
negative effects on the welfare of young people, and may also adversely affect economic
performance and social stability. This is the first Independent Evaluation Group (IEG)
evaluation of the World Bank Group’s support to countries trying to address youth employment
issues.
The World Bank lending portfolio for youth employment is relatively small, although
components of programs appear in 57 countries. Most projects include interventions in
skills development and school-to-work transition. Half of the projects include interventions
to foster job creation and work opportunities for youth.
The International Finance Corporation (IFC) has a broad approach to job creation. Between
FY01and FY11, youth employment was not specifically targeted, except in the
Middle East and North Africa region and in a small number of other interventions. IFC
invested $500 million to 50 investment operations and 18 advisory services to education.
Although youth employment is addressed in the education, social protection, and labor
strategies, it is not recognized as an issue in most country strategies - even where youth
unemployment is serious. Youth employment is a multisectoral issue, but few youth employment
projects are implemented by multisectoral teams.
Evidence on what works in youth employment is scarce. Known factors that contribute
to success are a comprehensive approach including participation of the private sector,
monitoring and follow up of individual participants, and complementary interventions,
such as combined training with job search and placement assistance, rather than isolated
interventions. In high-unemployment environments, wage subsidies, skills training, and
job search support are of little impact; and demand-side interventions are needed. Strong
diagnostics are important to design interventions for youth in low-income areas. The
Bank’s few impact evaluations on youth employment examine short-term effects, find
limited positive results, and do not calculate the cost-effectiveness of interventions.
The evaluation makes two recommendations: (i) apply an evidence-based approach to
youth employment operations, and (ii) at the country level, take a strategic approach
to youth employment by addressing the issue comprehensively, working across World
Bank Group teams, with governments and other donors. There is a critical need to
strengthen evidence-based feedback loops to the strategic planning process.
negative effects on the welfare of young people, and may also adversely affect economic
performance and social stability. This is the first Independent Evaluation Group (IEG)
evaluation of the World Bank Group’s support to countries trying to address youth employment
issues.
The World Bank lending portfolio for youth employment is relatively small, although
components of programs appear in 57 countries. Most projects include interventions in
skills development and school-to-work transition. Half of the projects include interventions
to foster job creation and work opportunities for youth.
The International Finance Corporation (IFC) has a broad approach to job creation. Between
FY01and FY11, youth employment was not specifically targeted, except in the
Middle East and North Africa region and in a small number of other interventions. IFC
invested $500 million to 50 investment operations and 18 advisory services to education.
Although youth employment is addressed in the education, social protection, and labor
strategies, it is not recognized as an issue in most country strategies - even where youth
unemployment is serious. Youth employment is a multisectoral issue, but few youth employment
projects are implemented by multisectoral teams.
Evidence on what works in youth employment is scarce. Known factors that contribute
to success are a comprehensive approach including participation of the private sector,
monitoring and follow up of individual participants, and complementary interventions,
such as combined training with job search and placement assistance, rather than isolated
interventions. In high-unemployment environments, wage subsidies, skills training, and
job search support are of little impact; and demand-side interventions are needed. Strong
diagnostics are important to design interventions for youth in low-income areas. The
Bank’s few impact evaluations on youth employment examine short-term effects, find
limited positive results, and do not calculate the cost-effectiveness of interventions.
The evaluation makes two recommendations: (i) apply an evidence-based approach to
youth employment operations, and (ii) at the country level, take a strategic approach
to youth employment by addressing the issue comprehensively, working across World
Bank Group teams, with governments and other donors. There is a critical need to
strengthen evidence-based feedback loops to the strategic planning process.
Read more from World Bank
World Development Report 2015 Rating: 5 out of 5 stars5/5World Development Report 2015: Mind, Society, and Behavior Rating: 0 out of 5 stars0 ratingsDoing Business 2012: Doing Business in a More Transparent World Rating: 0 out of 5 stars0 ratingsWorld Development Indicators 2013 Rating: 0 out of 5 stars0 ratingsThe Little Green Data Book 2011 Rating: 0 out of 5 stars0 ratingsThe Little Data Book 2013 Rating: 0 out of 5 stars0 ratingsWorld Development Indicators 2012 Rating: 0 out of 5 stars0 ratingsDoing Business 2016: Measuring Regulatory Quality and Efficiency Rating: 0 out of 5 stars0 ratingsInclusion Matters: The Foundation for Shared Prosperity Rating: 0 out of 5 stars0 ratingsToward Gender Equality in East Asia and the Pacific: A Companion to the World Development Report Rating: 0 out of 5 stars0 ratingsEvaluation of World Bank Programs in Afghanistan 2002-11 Rating: 0 out of 5 stars0 ratingsEast Asia Pacific at Work: Employment, Enterprise, and Well-being Rating: 0 out of 5 stars0 ratingsMore and Better Jobs in South Asia Rating: 0 out of 5 stars0 ratingsWorld Bank Group Support for Innovation and Entrepreneurship: An Independent Evaluation Rating: 0 out of 5 stars0 ratingsWorld Bank Group Impact Evaluations: Relevance and Effectiveness Rating: 0 out of 5 stars0 ratings
Related to Youth Employment Programs
Related ebooks
Results and Performance of the World Bank Group 2012 Rating: 0 out of 5 stars0 ratingsEast Asia Pacific at Work Rating: 0 out of 5 stars0 ratingsEast Asia Pacific at Work: Employment, Enterprise, and Well-being Rating: 0 out of 5 stars0 ratingsGlobal Monitoring Report 2014/2015 Rating: 0 out of 5 stars0 ratingsEvaluation of the International Finance Corporation's Global Trade Finance Program, 2006-12 Rating: 0 out of 5 stars0 ratingsThe Matrix System at Work: An Evaluation of the World Bank's Organizational Effectiveness Rating: 0 out of 5 stars0 ratingsGlobal Monitoring Report 2014/2015: Ending Poverty and Sharing Prosperity Rating: 0 out of 5 stars0 ratingsGlobal Financial Development Report 2015/2016: Long-Term Finance Rating: 0 out of 5 stars0 ratingsWorld Bank Group Impact Evaluations: Relevance and Effectiveness Rating: 0 out of 5 stars0 ratingsPutting Higher Education to Work: Skills and Research for Growth in East Asia Rating: 0 out of 5 stars0 ratings
Public Policy For You
Just Mercy: a story of justice and redemption Rating: 5 out of 5 stars5/5Dumbing Us Down - 25th Anniversary Edition: The Hidden Curriculum of Compulsory Schooling Rating: 4 out of 5 stars4/5The People's Hospital: Hope and Peril in American Medicine Rating: 4 out of 5 stars4/5The Art of War Rating: 4 out of 5 stars4/5Talking to My Daughter About the Economy: or, How Capitalism Works--and How It Fails Rating: 4 out of 5 stars4/5The Diversity Delusion: How Race and Gender Pandering Corrupt the University and Undermine Our Culture Rating: 4 out of 5 stars4/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Dreamland: The True Tale of America's Opiate Epidemic Rating: 4 out of 5 stars4/5The Abolition of Sex: How the “Transgender” Agenda Harms Women and Girls Rating: 3 out of 5 stars3/5The Madness of Crowds: Gender, Race and Identity Rating: 4 out of 5 stars4/5Chasing the Scream: The Inspiration for the Feature Film "The United States vs. Billie Holiday" Rating: 4 out of 5 stars4/5Bowling Alone: Revised and Updated: The Collapse and Revival of American Community Rating: 4 out of 5 stars4/5The Affluent Society Rating: 4 out of 5 stars4/5Not Too Late: Changing the Climate Story from Despair to Possibility Rating: 3 out of 5 stars3/5No Visible Bruises: What We Don’t Know About Domestic Violence Can Kill Us Rating: 5 out of 5 stars5/5The Least of Us: True Tales of America and Hope in the Time of Fentanyl and Meth Rating: 4 out of 5 stars4/5The Truth About COVID-19: Exposing The Great Reset, Lockdowns, Vaccine Passports, and the New Normal Rating: 3 out of 5 stars3/5Apocalypse Never: Why Environmental Alarmism Hurts Us All Rating: 4 out of 5 stars4/5The Price We Pay: What Broke American Health Care--and How to Fix It Rating: 4 out of 5 stars4/5How to Blow Up a Pipeline: Learning to Fight in a World on Fire Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5Tell Your Children: The Truth About Marijuana, Mental Illness, and Violence Rating: 3 out of 5 stars3/5When Harry Became Sally: Responding to the Transgender Moment Rating: 3 out of 5 stars3/5Against Empathy: The Case for Rational Compassion Rating: 3 out of 5 stars3/5On War: With linked Table of Contents Rating: 4 out of 5 stars4/5Nobody: Casualties of America's War on the Vulnerable, from Ferguson to Flint and Beyond Rating: 4 out of 5 stars4/5Social Security 101: From Medicare to Spousal Benefits, an Essential Primer on Government Retirement Aid Rating: 3 out of 5 stars3/5America: The Farewell Tour Rating: 4 out of 5 stars4/5Reefer Madness: Sex, Drugs, and Cheap Labor in the American Black Market Rating: 4 out of 5 stars4/5
Reviews for Youth Employment Programs
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Youth Employment Programs - World Bank
Enjoying the preview?
Page 1 of 1