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Romania’s Labor Market Prospects: Indicators for 2010 – 2020 and Estimates for 2030

Author

Listed:
  • Dana Ichim Somogyi

    (University of Oradea)

Abstract

For an adequate view over the Romanian labour market statistical data was explored, data sets published by INS Romania, EUROSTAT and CEDEFOP. On the topic of the future of the labor market, the interdependent dimensions of future work the number of available and the quality of occupations, discrepancy among the remunerations, social protection, employment relations and social communication. Data collection by economical active citizens - employment and unemployment rate underlined a low employment rate due to high number of inactive people, mismatched priority occupations, low qualifications and lack of needed skills for the job. The data collection considering forecast of the future work by occupations, economy sectors, job openings identified the same issues. Millions of jobs are transformed or jeopardized as a result of automation implementation. Other types of professions are created, and the routine assignments are taken over by artificial intelligence. The new careers request non-cognitive and digital capabilities.

Suggested Citation

  • Dana Ichim Somogyi, 2020. "Romania’s Labor Market Prospects: Indicators for 2010 – 2020 and Estimates for 2030," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 347-354, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:347-354
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2021/03/Section%203/24.pdf
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    References listed on IDEAS

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    1. Ignacio Gonzalez Vazquez & Santo Milasi & Stephanie Carretero Gomez & Joanna Napierala & Nicolas Robledo Bottcher & Koen Jonkers & Xabier Goenaga Beldarrain & Eskarne Arregui Pabollet & Margherita Bac, 2019. "The changing nature of work and skills in the digital age," JRC Research Reports JRC117505, Joint Research Centre.
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    Cited by:

    1. Beatrice-Simona MANOLACHE & Silviu-Cristian SIMIONESCU & Mihaela PILA & Silvius STANCIU, 2023. "Labor Costs in Agriculture: Brief Analysis of the Romanian Sector," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 33-40.

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    More about this item

    Keywords

    labour market; mismatch; skills; employment growth;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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