Increasing opportunities for the young in Spain

Increasing opportunities for the young in Spain KEY FINDINGS AND RECOMMENDATIONS FROM THE OECD ECONOMIC SURVEY OF SPAIN 2023 START

1.

Educational Progress Educational progress has been made in Spain, with early-school-leaving rates dropping from 17.9% in 2018 to

13.9% in 2022. Continued support and early-warning systems are crucial.

2.

Vocational Education Boost Collaboration among firms, supported by initiatives like the Alliance for Vocational Training, can expand vocational education opportunities.

3.

Education Aligned with Jobs Greater employer involvement in curriculum design and improved job placement tools can better align studies with job needs, easing the transition from education to employment.

4.

Youth Employment Challenge

Spain faces a youth unemployment at 28%.

Minimum wage changes should align with market conditions to balance increased earnings with job opportunities.

Source: Eurostat

5.

Promoting Youth Entrepreneurs Youth entrepreneurship needs mentoring, training, and improved financing access to empower young entrepreneurs and stimulate economic growth.

6.

Addressing Housing Issues Over 60% of people under 34 years old live with parents due to financial instability.

Prioritising social rental housing expansion and relaxing rent controls can alleviate this problem.

7.

Comprehensive Youth Empowerment Spain must continue efforts in education, vocational training, youth employment, entrepreneurship, and affordable housing. A comprehensive strategy will ensure a brighter future for the country’s young population.

To learn more, read our new

OECD Economic Survey of SPAIN 2023 https://oe.cd/spain