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Main Threats To The Romanian Labour Market In The Current Context

Author

Listed:
  • DIMIAN Gina Cristina

    (Academia de Studii Economice Bucuresti, Cibernetica, Statistica si Informatica Economica)

  • DIMIAN Mihai

Abstract

The paperâ€(tm)s topic is focused on the Romanian labour market prospects, which is going to be affected by two main threats: aging and population decline. These two factors are supposed to dramatically change Romaniaâ€(tm)s economic structure. It is therefore necessary to know how they will evolve in the next decades, facts which represent the main objective of our article. These topics are debated at large scale at the European and national level, because they describe a process which implies European Union as a whole. The methodology used in order to quantify this phenomenon includes statistical methods (correlation analysis and descriptive statistics). We have used data available at national and European level in order to build a proper argumentation. The results obtained are worrying because there is a high risk to assist at an accelerated aging of the Romanian people, doubled by a very low birth rate. This might create huge problems in the economic and social system due to productivity decrease and the pressures on the pensionâ€(tm)s funds. The paper offers scientific arguments for developing macroeconomic policies in order to prevent the negative situation in which we could be within less than 40 years. As a comparison term we brought into attention the Germany situation, country which offers economic equilibrium to the EU, but is also affected by aging. The manner in which this problem has been approached is an original one because we tried to put Romaniaâ€(tm)s situation into the context of the European Union general situation, the threat being emphasised by the fact that it is going to be a trend for the whole continent. Actually, if it is not taken adequate measures, we will be confronted with a demographic crisis, much worse than the current financial one, because the effort of the country to reverse a birth rate decreasing trend with an aged population will take decades.

Suggested Citation

  • DIMIAN Gina Cristina & DIMIAN Mihai, 2011. "Main Threats To The Romanian Labour Market In The Current Context," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 69-76, December.
    • Handle: RePEc:ora:journl:v:1:y:2011:i:2:p:69-76
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    File URL: http://anale.steconomiceuoradea.ro/volume/2011/n2/008.pdf
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    References listed on IDEAS

    as
    1. Angel de la Fuente & Juan Francisco Jimeno, 2004. "The private and fiscal returns to schooling and the effect of public policies on private incentives to invest in education: a general framework and some results for the EU," Working Papers 152, Barcelona School of Economics.
    2. Wasmer, Etienne, 1998. "Labor Supply Dynamics, Unemployment and Human Capital Investments," Seminar Papers 651, Stockholm University, Institute for International Economic Studies.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    aging; labour market; employment structure; sustainable development;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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