Russian-German Panel Discussion "Farewell, Equality of Opportunity and Intergenerational Justice? Youth Unemployment and Poverty in Old Age. Policy Decisions on the European Labour Market"
On February 12, 2020, the discussion heard to Russian HSE researchers Oksana Sinyavskaya, Deputy Director of the Institute for Social Policy, and Vladimir Gimpelson, Director of the Center for Labor Market Studies, and German experts Peter Haan, Head of Department of the German Institute of Economic Research (Berlin) and Manuela Barišić, Senior Manager of the Project Work and New Thinking, Bertelsmann Foundation (Berlin).
In many European countries, more and more pensioners are now facing the new phenomenon of "poverty in old age". They feel deceived, deprived of their "well-deserved rest", which many generations before them had experienced. They expect the state to support them and the labour market to provide them with additional income.
However, at the other end of the generation age scale, the threat of the "poverty trap" is also very high in many countries. Above all, youth unemployment is on the rise in southern Europe, affecting even highly skilled professionals. An entire generation in these regions is looking to the future without any optimism.
Young people and the elderly are increasingly competing for state aid and assistance. However, with a global economy and the limited resources of each individual State, there is no hope for a quick solution. But in the medium and long term, a variety of policy solutions are offered in the labour field that make it possible to realize both equality of opportunity and intergenerational equity.
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