Acta academica karviniensia 2014, 14(3):88-98 | DOI: 10.25142/aak.2014.051

EDUCATION AS AN IMPORTANT FACTOR OF THE SITUATION OF YOUNG PEOPLE IN THE LABOR MARKET

Tímea Kolláriková

Ekonomická univerzita v Bratislave, Národohospodárska fakulta, Dolnozemská cesta 1, 85235 Bratislava 5, e-mail: timea.kollarikova@gmail.com

The article focuses on the issue of education relating to employability of young people in the labor market, particularly in the Slovak Republic. It aims to analyze the current position of young people in the Slovak labor market using the method of comparison of unemployment rate with other countries of the European Union. In Slovakia , the situation of young people in the labor market is developing with negative trend , thus resulting in their prolonged high unemployment and the long duration of the transition from education to the labor market . The school system should be flexible and should also provide young people with some security. The paper sets out the main areas in improving formal education, based on the proposals for action of the European Commission. From the recommendations /May 2013/ for the Slovak Republic result the following proposals: to deal with the unfavorable situation of young through guarantees for young people, to take action to improve learning outcomes, to strengthen the provision of practical training directly in companies in vocational education and training, to support the effective transfer of knowledge by encouraging cooperation between universities , research community and the business sector.

Keywords: education, employability, labor market, unemployment

JEL classification: E24, J01

Received: November 26, 2013; Accepted: September 23, 2014; Published: September 30, 2014  Show citation