Youth related measures of the Recovery and Resilience Facility. A RHOMOLO analysis
Young people (15-29 years old) were the most impacted by the Covid-19 pandemic crisis due to their specific labour market situation. In response to the crisis, the European Commission launched the Recovery and Resilience Facility (RRF), which became operative through Member States’ (MS) Recovery and Resilience Plans (RRPs). About 9% of the measures included in the RRPs approved by March 2022 are youth-related. Youth-related measures comprise investments to improve labour productivity and labour supply, as well as public infrastructures investments. The RHOMOLO analysis reported here quantifies the potential impact of these measures on GDP and employment at the NUTS2 level. RRF youth-related measures have the potential to increase GDP and employment by 0.8% and 0.5% respectively. The regions with the highest youth unemployment rates should benefit the most.
LAZAROU Nicholas;
MARQUES SANTOS Anabela;
DEL RIO Juan Carlos;
SAKKAS Stylianos;
2022-07-12
European Commission
JRC129687
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