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Investing in Youth: Peru

image of Investing in Youth: Peru

The present report on Peru is part of the series on "Investing in Youth", which builds on the expertise of the OECD on youth employment, social support and skills. This series covers both OECD countries and countries in the process of accession to the OECD, as well as some emerging economies. The report provides a detailed diagnosis of youth policies in the areas of social, employment, education and training policies. Its main focus is on young people who are not in employment, education or training (the "NEETs").

Earlier reviews in the same series have looked at youth policies in Brazil (2014), Latvia and Tunisia (2015), Australia, Lithuania and Sweden (2016), Japan (2017), and Norway (2018).

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Assessment and recommendations

Over a quarter of Peru’s working age population (ages 15-64) is young (15-24), compared to under a fifth on average among OECD countries. While the share of youth in the working age population in Peru is expected to fall to just above 20% by 2050, this will still be relatively high by OECD standards and will place Peru towards the high end of what is forecast for many Latin American and Caribbean (LAC) countries. The fall in the share (and number) of youth in the working age population will ease some of the pressure on the labour market for youth in the decades to come. At the same time, it will mean that the share of working age population in the overall population will gradually shrink. Therefore, the opportunities to benefit from the “growth dividend” associated with the demographic transition will fade away.

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