The Labour Market in Macedonia: A Labour Demand Analysis
AbstractThis paper examines the labour market in Macedonia, a country with the highest unemployment rate in Europe. I describe labour market institutions and policies during the transition. I also examine job creation and job destruction using firm-level data and I estimate short-term and long-term elasticities of the labour demand. The analysis shows that there are regulatory barriers to the labour market flexibility. I can also conclude that the privatization of socially owned enterprises has failed to promote job creation. Nevertheless, labour market problems seem to stem from factors other than substantial sluggishness of firms in adjusting employment to variations in wages. Copyright 2008 The Author. Journal compilation CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd. 2008.
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Bibliographic InfoArticle provided by CEIS in its journal LABOUR.
Volume (Year): 22 (2008)
Issue (Month): 2 (06)
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- Kosovka Ognjenovic & Aleksandra Brankovic, 2012. "Job Creation and Emplozment in a Time of Crisis," Book Chapters, Institute of Economic Sciences.
- Bojnec, Štefan & Janeska, Verica, 2011. "Rural Labour Market Developments in the Former Yugoslav Republic of Macedonia," Factor Markets Working Papers 101, Centre for European Policy Studies.
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