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Estimates of Labour Market Flexibility in Bulgaria

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Author Info
Vassil Tzanov
Abstract

The flexibility is defined as labour market ability to respond to external influence and changes. Concerning the first aspect, the labour market reaction is studied in the case of influence of more important macro-economic factors (GDP, inflation and labour productivity). In order to estimate the labour market ability for changing, key indicators in the field are used: labour force mobility (labour market flows - internal and external), working time duration and labour contracts character. Based on the results of the study, a conclusion can be made that the Bulgarian labour market should be recognised as moderately flexible. It reacts differently to external influence, shows high cross-sectional mobility and limited application of employment flexibility.

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Publisher Info
Article provided by Bulgarian Academy of Sciences - Institute of Economics in its journal Economic Thought - Special Issue in English.

Volume (Year): (2007)
Issue (Month): 7 ()
Pages: 27-46
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Handle: RePEc:bas:econth:y:2007:i:7:p:27-46

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Find related papers by 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, and Vacancies - - - Job, Occupational and Intergenerational Mobility; Promotion

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