Government, Governance and Welfare Reform
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Government, Governance and Welfare Reform

Structural Changes and Subsidiarity in Italy and Britain

Edited by Alberto Brugnoli and Alessandro Colombo

This unique and original book focuses on institutional changes, welfare reforms and transformations in both Britain and Italy over the last three decades.
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Chapter 11: The importance of investing in very young people

Luigi Campiglio


The reason for the following analysis is to supply arguments on the central role of a wider and richer concept of human capital, in which public and private investment in youth has a central role. At the same time one underlines the problem for which the quantity and quality of this investment is much inferior to what would have been desirable, as it occurs for the public good. A growing number of researchers have indeed demonstrated the importance of the socio-economic condition of the family which children belong to in determining their subsequent development, other than employment and income opportunities for adults. Investing in youth inevitably depends on initial life conditions: the risk of having economic difficulties grows with the number of children in a family, amplifying the difficulties of the initial conditions. Therefore, a problem pertaining to the political representation for youth, apart from dealing with minors, is created, thus configuring a modern democracy dilemma.

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