Objectives: The objectives of this study are to describe and analyze the out-of-work and out-of-school youth (ages 15-24) in the Europe and Central Asia (ECA) region. People who are out-of-work and out-of-school are referred to as NEET (Not in Employment, Education or Training). This study...

This paper outlines an extension of the Human Capital Index that addresses the specific challenges in education and health faced by countries in Europe and Central Asia. Good basic education will not be enough, as job markets today demand higher levels of human capital than in the past. As the...

We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...