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Effects of the Crisis on the Labor Market

Author

Listed:
  • Guni Claudia Nicoleta

    (“Spiru Haret” University of Constanta)

Abstract

Globalised markets and multinational companies tend to be reflected in an open global marked. More so, under these circumstances, economic and financial developments in a country influence and are influenced by developments in other countries. The Romanian labor market is affected by the current economic and financial crisis, which is manifested by rising unemployment rate as a result of reducing the activity of several economic agents. This is exactly why overcoming the crisis implies both measures and policies aimed at creating new jobs and taking into account the trends that can be noticed in our country: an aging population, migration of young specialists, temporarily leaving to work abroad.

Suggested Citation

  • Guni Claudia Nicoleta, 2010. "Effects of the Crisis on the Labor Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 320-323, October.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:320-323
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    More about this item

    Keywords

    financial crisis; unemployment; working abroad; active employment policies.;
    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
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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