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The Impact Of The Current Financial And Economic Crisis On The European Labor Market - An Approach Based On A New Paradigm In The Labor Field

Author

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  • Ph. D Student BOGDAN JIANU

    (Bucharest Academy of Economic Studies Faculty of Economics Bucharest, Romania)

Abstract

In this article I followed two directions. The first direction analyzes the structure of the european labor market and the relationship between the labor market and globalization in the economic downturn context. The second one evaluates the crisis’ economic consequences on international migration and on occupational mobility within the European Union. Overall, while taking advantage of free movement, migrant workforce represent a flexible resource that can act as a buffer during economic imbalances. Repeated migration is expected to reduce the negative effects of the crisis and to lead to „brain circulation” rather than „brain drain” and to a more efficient allocation of resources within the European Union. The purpose of this article is to highlight the need for improved employment policies, by creating more and better jobs, while providing an appropriate response to the challenges of demographic aging and of the intensified global competition within a new paradigm of the economy of knowledge.

Suggested Citation

  • Ph. D Student BOGDAN JIANU, 2014. "The Impact Of The Current Financial And Economic Crisis On The European Labor Market - An Approach Based On A New Paradigm In The Labor Field," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(22), pages 144-153, APRIL.
    • Handle: RePEc:aio:rteyej:v:1:y:2014:i:22:p:144-153
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    More about this item

    Keywords

    EU labor markets; EU enlargement; labor mobility; economic crisis; migration; youth unemployment;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor

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