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Under Pressure: Romania`s Labour Market Review. The Labour Supply and Demand

Author

Listed:
  • CHIVU, LUMINITA

    (National Institute of Economic Research - Romanian Academy)

  • GEORGESCU, GEORGE

    (National Institute of Economic Research - Romanian Academy)

Abstract

The labour market in Romania is under the pressure of divergent factors, at the intersection of the labour demand and supply determinants. This paper is focusing on quantitative and qualitative analysis of the labour market in Romania, trying to identify its imbalances and to find ways for their mitigation considering the main trends, including the European labour market developments. From the perspective of the labour supply, despite massive emigration, is found that Romania still has an important human potential including an unused workforce reserve, but the performances of the education and training should improve for increasing the quality of competences and skills needed on the labour market. Looking at the demand for labour force, although under the circumstances of the lack of information for an accurate assessment, starting with 2012, as a general trend, the number of jobs created exceeded the number of job vacancies, the new created companies, with a higher degree of technology and more competitive, having significantly contributed to the increase in the employment rate. However, imbalances between the labour demand and supply have emerged and are growing, likely to become a severe obstacle hindering the development of Romania in the medium and long term.

Suggested Citation

  • Chivu, Luminita & Georgescu, George, 2020. "Under Pressure: Romania`s Labour Market Review. The Labour Supply and Demand," Working Papers of National Institute for Economic Research 200313, Institutul National de Cercetari Economice (INCE).
    • Handle: RePEc:ror:wpince:200313
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    References listed on IDEAS

    as
    1. David M. Blank & George J. Stigler, 1957. "Demand and Supply: Methods of Analysis," NBER Chapters, in: The Demand and Supply of Scientific Personnel, pages 19-46, National Bureau of Economic Research, Inc.
    2. Constantin CIUTACU & Luminita CHIVU & John HURLEY, 2008. "Work – Life Balance In Romania. A Comparative Approach," Romanian Journal of Economics, Institute of National Economy, vol. 26(1(35)), pages 64-77, June.
    3. Luminița Chivu & Constantin Ciutacu & George Georgescu, 2017. "Deindustrialization and Reindustrialization in Romania," Springer Books, Springer, number 978-3-319-65753-0, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Botezat Elena Aurelia & Crisan Daniela & Fotea Silvia Liana & Fotea Ioan Stefan, 2023. "Individual Adaptability to Work: Scale Validation on the Romanian Population," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 33(3), pages 37-60, September.
    2. Chivu, Luminita & Georgescu, George, 2021. "Employment and Labour Market Vulnerabilities during COVID-19. The Case of Romania," Working Papers of National Institute for Economic Research 210325, Institutul National de Cercetari Economice (INCE).

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    More about this item

    Keywords

    demographic trends; population aging; emigration; demographic and economic dependency ratio; labour market; demand and supply; labour market tensions; internal mobility; labour shortages;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • I20 - Health, Education, and Welfare - - Education - - - General
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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