IDEAS home Printed from https://ideas.repec.org/h/spr/eurchp/978-3-030-63149-9_19.html
   My bibliography  Save this book chapter

Factors for the Future of Work and Their Impact on the European Economy and Labor Market

In: Eurasian Economic Perspectives

Author

Listed:
  • Monika Moraliyska

    (University of National and World Economy)

Abstract

The aim of the present paper is to gain a deeper understanding of the essence of the “Future of work” by exploring simultaneously its major drivers and their impact on the job market and employment on European level in the long run. The data used are based on the research of numerous international organizations, European Union institutions, and bodies, as well as on analytical data and expertise of reputable business consulting companies. The methodology includes qualitative research, including data analysis, comparative analysis, inductive and deductive approach, and others. This type of research helps to explore how and why the phenomenon “Future of work” occurred, what it represents and what the prospects for its development are. The main drivers of this phenomenon are analyzed as follows: globalization, digitalization, and demographic change. The paper explores and summarizes the expected economic and social effects of these three factors on the labor market in the EU. The main findings conclude that the “Future of work” is an interdisciplinary phenomenon covering the current and expected trends on the world labor market, provoked by the dynamic technological development and penetration of artificial intelligence technologies in the economic and business practice, including job automation (job loss and job creation), rising skills and qualification requirements, a big change in employment occupations, and rising diversity in working arrangements. Legislative, business-oriented, and educational actions on all levels are urgently required to face these new challenges successfully.

Suggested Citation

  • Monika Moraliyska, 2021. "Factors for the Future of Work and Their Impact on the European Economy and Labor Market," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis & Ender Demir & Sofia Vale (ed.), Eurasian Economic Perspectives, pages 297-315, Springer.
    • Handle: RePEc:spr:eurchp:978-3-030-63149-9_19
    DOI: 10.1007/978-3-030-63149-9_19
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:eurchp:978-3-030-63149-9_19. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.