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The Impact Of The Economic Crisis On The Romanian Labor Market - A Regional Analysis

Author

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  • BILBIE Ioana

    (Academy of Economic Studies, Bucharest)

Abstract

The global financial recession reconfigured the economical structures of many countries and in this context the labor markets all around the world faced major salary cuts and job losses. The Romanian economy wasn`t an exception, and for a better understanding of its labor structures we have analyzed the interactions between some of the most representative and measurable indicators using a regional econometric model. The results show that the dynamics of the labor market changed once the economic crisis was installed and are still continuing to modify since the magnitude of this global phenomena was very powerful.

Suggested Citation

  • BILBIE Ioana, 2012. "The Impact Of The Economic Crisis On The Romanian Labor Market - A Regional Analysis," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 0(1), pages 95-104.
    • Handle: RePEc:blg:reveco:v:supplement:y:2012:i:1:p:95-104
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    File URL: http://economice.ulbsibiu.ro/revista.economica/archive/suplimente/Volume1-2012.pdf
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    More about this item

    Keywords

    labor market; wages; productivity; unemployment; economic crisis;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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