Enhancing the non-cognitive skills of disconnected youth

Skills and Work

By Glenda Quintini.

Youth who have disconnected from the education system and are not working or planning to return to training are at high risk of marginalisation. Some of these young people are homeless, have disabilities, have been in foster care and/or are known to the justice system. Efforts to create programmes that succeed in reconnecting these at-risk young people to education, the labour market and society more generally as early as possible are key. However, this is easier said than done. This group of highly-disadvantaged youth face multiple challenges in addition to lacking the skills and qualifications to reintegrate school or the labour market. Any intervention requires addressing all these needs in a comprehensive way.

Like other programmes to facilitate school-to-work transitions, those targeted on disconnected youth focus on providing participants with strong cognitive skills. This includes both foundation skills – such as literacy, numeracy and problem solving –…

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European exploration of Australia & New Zealand

The Swedish and Danish actual and equilibrium unemployment rates since 1962

The Danish equilibrium unemployment rate has been surprisingly stable since 1982 despite rather volatile actual unemployment. The Swedish unemployment rate was allowed to increase in line with the economic crisis in the early 1990s and that was it. How nice it must be for the Danes and Swedes to have such stable labour market institutions.

Source: OECD Economic Outlook November 2015.

The Danes have a highly deregulated labour market. There were major economic and welfare state reforms in Sweden in the early 1990s in response to high unemployment. These institutional developments barely showed up in their equilibrium unemployment rates.

No Generation Rent in Deutschland or Nihon? Housing price to income ratios, USA, UK, Japan, Germany and New Zealand

Japan and Germany seem to be pretty relaxed places to buy a house over the last 15 years. The USA had a bit of a bubble but it burst. New Zealand and the UK are dogs of places if you are young and house-hunting.

Source: OECD Economic Outlook November 2015, Annex Table 61.

Some think World War 3 will be started by a WW 2 designed bomber – a B-29 knockoff

Image

Marijuana regulation: there are many options

Source: Marijuana regulation: there are many options

If they build it, what if no one comes?

Beware aviation economists bearing externalities, and crappy benefit cost ratios, which they are.
http://www.economicsonline.co.uk/Market%20failures%20graphs/Externalities-positive-production.png

croaking cassandra

A throwaway line of mine a couple of weeks ago about the Wellington City Council’s enthusiasm for the proposed airport runway extension prompted a couple of comments here from Tim Brown, chair of Wellington International Airport Limited (WIAL) –  owned 66 per cent by Infratil and 34 per cent by the Wellington City Council.  As I noted in response to Tim, I was predisposed to be sceptical about the proposal, but would be keen to see the analysis when it was published.

This week a swathe of reports was released, including a cost-benefit analysis prepared for WIAL by Sapere Research Group.  The Dominion-Post led with talk of $2000 million of benefits for an investment of $300 million or so, suggesting that there really shouldn’t need to be much further debate about the economic merits of the proposal.

But, of course, any cost-benefit anaIysis is only a reflection of the…

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Australian and New Zealand actual and equilibrium unemployment rates since 1964

The Australian and New Zealand equilibrium unemployment rates are much more obedient. They neatly track actual unemployment with few exceptions for recessions. So much so is this close tracking of the actual unemployment rate by the equilibrium unemployment rate that you wonder what extra the latter concept adds.

Source: OECD Stat and OECD Economic Outlook November 2015.

Memories of Thatcher’s fall

The History of Parliament

25 years ago this week the Conservative Party were in the process of electing a new leader after Margaret Thatcher, Prime Minister for over 11 years, stood down. The story of Thatcher’s resignation has long been a controversial one within the Conservative Party, seen by some as an ‘assassination’ and by many as high political drama. This is reflected in many of our oral history project interviews with former MPs. Thatcher’s premiership is mentioned by almost all of those who were MPs at the time, but in this post we’ll concentrate on some of the reactions to the downfall of Britain’s only female Prime Minister to date.

Thatcher remains a controversial figure in British politics, and this is no less true in our interviews with former Conservative MPs. Whilst many were great admirers, a number remember that by 1990 they had become alienated by her policies (in particular the attempts…

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@NovakMikayla on middle-class welfare in Australia

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