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Assessments of the Flexibility of the Labour Market in Bulgaria

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  • Vassil Tzanov

Abstract

Flexibility is defined as capability of the labour market to react to external impacts and change itself. In the first aspect its reaction to the impact of the main macroeconomic factors (GDP, inflation and productivity of labour) is examined. To assess the capability of change key indicators in this area are used: mobility of labour force (the in- and outflows in the labour market), duration of the work time and the character of the labour agreements. The received results give ground to the conclusion that the labour market in Bulgaria is distinguished for it’s moderate flexibility. It reacts in different degree to external impacts, has a high intersectoral mobility and limited application of flexible forms of employment.

Suggested Citation

  • Vassil Tzanov, 2007. "Assessments of the Flexibility of the Labour Market in Bulgaria," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 3-23.
    • Handle: RePEc:bas:econth:y:2007:i:3:p:3-23
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    References listed on IDEAS

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    1. Sandrine Cazes & Alena Nesporova, 2004. "Labour markets in transition: balancing flexibility and security in Central and Eastern Europe," Revue de l'OFCE, Presses de Sciences-Po, vol. 91(5), pages 23-54.
    2. I Beleva & Richard Jackman & M Nenova-Amar, 1995. "The Labour Market in Bulgaria," CEP Discussion Papers dp0268, Centre for Economic Performance, LSE.
    3. David Kucera, 1998. "Unemployment and External and Internal Labor Market Flexibility: A Comparative View of Europe, Japan, and the United States," SCEPA working paper series. 1998-21, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    4. Vassil Tzanov, 1999. "Modelling the Labour Market in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 123-172.
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    1. repec:diw:diwfin:diwfin05030 is not listed on IDEAS
    2. Georgy Ganev, 2009. "Costs and Benefits of Euro Adoption in Bulgaria," Working Paper / FINESS 5.3, DIW Berlin, German Institute for Economic Research.

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    More about this item

    JEL classification:

    • J00 - Labor and Demographic Economics - - General - - - General
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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