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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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The labour market situation of youth in Peru

This chapter provides an overview of labour market outcomes of Peruvian youth and lays out the key challenges ahead for employment policy in the country. Despite favourable economic conditions the Peruvian labour market has long had difficulties with absorbing large and increasingly educated cohorts of young people. One in five Peruvians aged 15-29 is not in employment, education or training (NEET), and nearly three quarters of economically active youth work informally. Informality greatly contributes to the prevalence of poor quality jobs. The incidence of low-pay among youth is common and appears compounded by labour market insecurity and pervasiveness of intermittent work arrangements. Females, early school leavers and youth coming from economically disadvantaged backgrounds are the most vulnerable groups in the labour market.

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