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Trends On The Labor Market Equilibrium

Author

Listed:
  • Lect. Ph.D Bocean Claudiu George

    (University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania)

  • Assist. Ph.D Student Meghisan Georgeta-Madalina

    (University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania)

Abstract

Since the beginning, human civilization was structured around the concept of work. Currently, however, human labor is systematically removed from the economic processes. By the end of the 21st century it is very likely that human work should be gradually replaced by automated work in most industrialized countries. New generation of IT&C will be introduced in various fields of work. These technologies together with new forms of organization and business management will cause high unemployment. In this paper we intended to investigate the new trends in employment and pattern of work in connection to the effects of information revolution.

Suggested Citation

  • Lect. Ph.D Bocean Claudiu George & Assist. Ph.D Student Meghisan Georgeta-Madalina, 2009. "Trends On The Labor Market Equilibrium," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13S), pages 77-84, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2009:i:13s:p:77-84
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    References listed on IDEAS

    as
    1. Mortensen, Dale T, 1999. "Equilibrium Unemployment Dynamics," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 889-914, November.
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    More about this item

    Keywords

    patterns of employment; labor market equilibrium; information revolution; digital age;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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