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Factors Shaping Labour Market Participation

Author

Listed:
  • Ana-Maria Zamfir

    (PhD, National Scientific Research Institute for Labour and Social Protection, Bucharest, Romania)

  • Anamaria Năstasă

    (Research Assistant, National Scientific Research Institute for Labour and Social Protection, Bucharest, Romania)

  • Anamaria Beatrice Aldea

    (Researcher, National Scientific Research Institute for Labour and Social Protection, Bucharest, Romania)

  • Raluca Mihaela Molea

    (Research Assistant, National Scientific Research Institute for Labour and Social Protection, Bucharest, Romania)

Abstract

Like other postmodern structures, post-industrial labour markets display more frequent and rapid changes and higher unpredictability. In these conditions, the world of work is less capable in providing individuals stable signals for the construction of their behaviours. This paper aims to examine both macro and micro factors that shape labour market participation and expectations related to employment outcomes. We explore statistical data from the World Values Survey Wave 7 (2017-2020) collected from almost seventy thousands individuals around the world. Focusing on subjective evaluations of expected employment outcomes, our results are relevant for better understanding labour market participation from a postmodern perspective.

Suggested Citation

  • Ana-Maria Zamfir & Anamaria Năstasă & Anamaria Beatrice Aldea & Raluca Mihaela Molea, 2021. "Factors Shaping Labour Market Participation," Postmodern Openings, Editura Lumen, Department of Economics, vol. 12(1), pages 91-101, March.
    • Handle: RePEc:lum:rev3rl:v:12:y:2021:i:1:p:91-101
    DOI: https://doi.org/10.18662/po/12.1/247
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    References listed on IDEAS

    as
    1. Gary S. Becker & Kevin M. Murphy & Robert Tamura, 1994. "Human Capital, Fertility, and Economic Growth," NBER Chapters, in: Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition, pages 323-350, National Bureau of Economic Research, Inc.
    2. Stiglitz, Joseph E, 1975. "The Theory of "Screening," Education, and the Distribution of Income," American Economic Review, American Economic Association, vol. 65(3), pages 283-300, June.
    3. Congressional Budget Office, 2018. "Factors Affecting the Labor Force Participation of People Ages 25 to 54," Reports 53452, Congressional Budget Office.
    4. Jacob Mincer, 1991. "Education and Unemployment," NBER Working Papers 3838, National Bureau of Economic Research, Inc.
    5. Psacharopoulos, George (ed.), 1987. "Economics of Education," Elsevier Monographs, Elsevier, edition 1, number 9780080333793.
    6. Julie L. Hotchkiss & Fernando Rios-Avila, 2013. "Identifying Factors behind the Decline in the U.S. Labor Force Participation Rate," Business and Economic Research, Macrothink Institute, vol. 3(1), pages 257-275, June.
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    More about this item

    Keywords

    labour market participation; employment outcomes; work-related expectations; World Values Survey;
    All these keywords.

    JEL classification:

    • A23 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Graduate

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