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Title page 1
Contents 6
Foreword 4
Acknowledgements 5
Acronyms and abbreviations 9
Executive summary 11
1. The transition from education to work 13
1.1. Economic context in Greece 14
1.2. Labour market outcomes of young people 14
1.3. The sectoral composition of youth employment 17
1.4. Skills mismatches 21
1.5. Work experience 23
1.6. Vocational education and training 25
1.7. Career guidance 28
1.8. Conclusion 30
References 31
Notes 34
2. Entrepreneurship among young people 35
2.1. Economic context 36
2.2. Scale and characteristics of youth entrepreneurship 36
2.3. Barriers to business creation 38
2.4. Public support for young entrepreneurs 40
2.4.1. Strengthening the business environment 40
2.4.2. Building entrepreneurship skills 40
2.4.3. Improving access to finance 41
2.4.4. The role of the NGO sector 41
2.5. Conclusion 43
References 43
3. Support for unemployed and inactive young people 46
3.1. The NEET challenge 47
3.2. Active labour market policies for young people 50
3.2.1. Set-up of active labour market policies 50
3.2.2. Youth Guarantee 52
3.2.3. Training programmes 53
3.2.4. Wage subsidies 54
3.3. Income support for young jobseekers 55
3.3.1. Types of income replacement benefits 55
3.3.2. Benefit generosity 57
3.3.3. Incentives to work 60
3.4. Conclusion 63
References 64
Notes 65
4. Family policy 67
4.1. Demographic context 68
4.2. Fertility 68
4.3. Family policies 72
4.3.1. Spending on family policies 72
4.3.2. Parental leave entitlements 72
4.3.3. Early Childhood Education and Care 73
4.3.4. Out-of-school programmes 76
4.3.5. Income support for working families 78
4.4. Conclusion 82
References 83
Notes 85
5. Housing policies 86
5.1. Access to housing as a key pathway to financial independence for young people 87
5.2. Challenges facing young Greeks in the housing market 87
5.2.1. Difficulties to transition out of the parental home and purchase a first home 88
5.2.2. High spending on housing costs, particularly among renters 89
5.2.3. Substandard housing and weak tenant protections 90
5.2.4. Limited affordable options, given the shortage of social rental housing and student dormitories 90
5.3. Policies and institutional reforms to help young people access good quality affordable housing 90
5.3.1. Support for home ownership 94
5.3.2. Measures to expand the supply of affordable and social housing 94
5.3.3. Support for tenants in the private rental sector 97
5.3.4. Housing support for university students 98
5.3.5. Institutional reforms in the responsibility for housing policies 98
5.4. Conclusions 99
References 99
Notes 101
Annex A. The OECD Tax-Benefit Model 102
References 103
Figure 1.1. Youth employment outcomes have recovered markedly over the past decade 15
Figure 1.2. Greece has the second lowest youth employment rate in the OECD 15
Figure 1.3. Greece has the third highest youth unemployment rate in the OECD 16
Figure 1.4. Youth unemployment in Greece is high irrespective of educational attainment 16
Figure 1.5. Young workers in Greece earn lower wages than their peers in OECD countries 18
Figure 1.6. Involuntary temporary employment and part-time employment among young workers are more prevalent in Greece than in most... 19
Figure 1.7. The growth of the accommodation and food services sector has been particularly acute in Greece 20
Figure 1.8. Youth employment in Greece exhibits a significant seasonal pattern 21
Figure 1.9. Skill mismatches are considerable in Greece 22
Figure 1.10. Very few young people in Greece combine education and employment 24
Figure 1.11. One out of two 15-year-olds enrolled in secondary education in Greece have taken part in an internship 24
Figure 1.12. The poor perception and weak labour market outcomes of VET programmes result in low enrolment rates 26
Figure 1.13. Less than half of 15-year-olds in Greece are exposed to career guidance in school 29
Figure 2.1. Greece has high rates of youth self-employment but only a small share employ others 37
Figure 2.2. Few young Greek entrepreneurs have growth aspirations 38
Figure 2.3. Only one-third of young Greek entrepreneurs report introducing new products and services 39
Figure 2.4. Undercapitalisation is a major barrier for young Greek entrepreneurs 40
Figure 3.1. Despite a strong reduction over the past decade, the share of young people in Greece who are not in employment,... 48
Figure 3.2. Greece has the highest share of unemployed NEETs in the OECD 49
Figure 3.3. Medium or highly educated young people in Greece are more likely to be NEETs than those with low levels of education 49
Figure 3.4. Greece spends less on active labour market policies than the average OECD country 51
Figure 3.5. Young people in Greece have a higher poverty rate than their OECD peers and the total Greek population 56
Figure 3.6. The Greek tax-benefit system offers adequate support to young single jobseekers transitioning from a minimum-wage job into... 58
Figure 3.7. The minimum contribution period for unemployment insurance in Greece is amongst the lowest in the OECD 59
Figure 3.8. In Greece, young single jobseekers relying on GMI only live below the poverty line 60
Figure 3.9. Financial incentives for youth entering job from unemployment benefits are low 62
Figure 4.1. Greece's fertility rate has decreased dramatically over time and is now lower than the OECD average 68
Figure 4.2. Greece's average age of childbearing has risen significantly, surpassing the OECD average 69
Figure 4.3. The shift in fertility patterns illustrates a clear transition toward later parenthood 70
Figure 4.4. Greece's traditional family values are reflected in its low rates of births outside marriage 70
Figure 4.5. Low maternal employment in Greece, especially among less educated women, reflects ongoing work-family challenges 71
Figure 4.6. Greece's public spending on family benefits remains well below the EU and OECD averages, despite its strong cultural attachment to the family 72
Figure 4.7. Greece provides relatively generous maternity leave and shareable leave 73
Figure 4.8. Greece's early childhood education and care enrolment rate is lower than the OECD average but increases with age 75
Figure 4.9. Despite high gross childcare fees in Greece, generous government support keeps net costs manageable for families 77
Figure 4.10. Greece's out-of-school (OSH) enrolment rates in centre-based care are higher than the OECD averages 78
Figure 4.11. Income support for families in Greece is lower than in other European countries 81
Figure 5.1. Around 70% of young people aged 18-24 in Greece are concerned about being able to find/maintain adequate housing 88
Figure 5.2. More than 7 in 10 young Greeks live with their parents 89
Boxes 27
Box 1.1. Overview of the Greek system of Vocational Education and Training 27
Box 1.2. The 21st Century Skills Labs 29
Box 2.1. Young Entrepreneurs Succeed! 42
Box 3.1. Income replacement benefits for jobseekers 56
Box 4.1. Income support schemes for families in Greece 79
Box 5.1. Pilot rental intermediation schemes in Greece 95
Box 5.2. Targeted efforts to address the impacts of short-term rentals on the housing market in tourist-heavy neighbourhoods 98
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