CPH Post

News

Councils spending hundreds of billions on unemployed youth

Some ten percent of youngsters never get a job


Councils need to recognise the long-term socio-economic consequences of unemployed youth

June 2, 2014
15:53

by Nanna G. Vansteelant


Calculations based on studies carried out in 80 Swedish councils predict that some 10 percent of Danish youths will never get a job, spend their whole working life on disabilities and cost the country's councils a net loss of 105 billion kroner – in benefits, lost revenue and the costs incurred in trying to get them back into work, reports Information.

READ MORE: Government unveils new employment reform

Copenhagen Business School (CBS) and pensions provider Skandia, the organisations behind the calculations, were anxious to point out that the Swedish study took differences between Denmark and Sweden into consideration.

An inspiration for change
The organisations said they hoped the findings would inspire Danish councils to recognise the economic potential of improving conditions via social investment plans.

“The councils needed an overview of what unemployed youth costs," Peter Holm, the head of communication at Skandia, told Information

"They are often forced to plan for one year or one budget at a time, as opposed to taking the advantages of long-term schemes into consideration.”

CBS now intends to work with Skandia to develop a tool that can calculate the socio-economic losses sustained by  unemployed youth to inform Danish councils about better using their finances.

 



Related stories



Latest Comments

In a country of 5M a show about baking cakes had on average 1M viewers?! Then...

(Paulo Claro on October 24, 2014 13:22)

I'm sorry I'm Italian, I know if an immigrant is found by the police in any...

(Fabio Mascio on October 24, 2014 12:41)

Hi can assure you Danes waste waaaaaay more than 100 work hours a year in...

(Paulo Claro on October 24, 2014 12:03)

I loved playing with troll dolls as a child. We gave them little cocktail...

(Kelley Davis on October 24, 2014 06:50)

It's infuriating to have one bike's stolen. I know. But you know miffs me?...

(Lorenzo Luis Albano Farias on October 24, 2014 00:03)

Ban all religions also... People should put their faiths in themselves and...

(Alex DeGre?t on October 23, 2014 22:41)

Either way... Letting Turkey or any muzlim country to join the EU is sheer...

(Alex DeGre?t on October 23, 2014 22:33)

?We know that Denmark is a cultural capital of the world ? there are so many...

(Kl Queteimporta on October 23, 2014 21:40)

Jensen is a mug . what a tool

(Hamish Carey on October 23, 2014 17:34)

This is great!

(Gerry Wimmer on October 23, 2014 17:07)