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Effects Of Inflation On Labor Force Mobility

Author

Listed:
  • Assoc. Prof. Marieta STANCIU Ph.D

    (University of Craiova, Craiova, Romania)

  • Assoc. Prof. Mădălina Giorgiana MANGRA Ph.D

    (University of Craiova, Craiova, Romania)

Abstract

Inflation has become a persistent phenomenon being identified in a multilateral economic and social process, with negative effects on consumer purchasing power and hence his living standards. When exceeding a certain threshold, inflation is a dangerous phenomenon, disrupting the economy and having repercussions both socially and economically, thus affecting directly or indirectly the whole society and global economy. The much discussed dilemma inflation-unemployment, which was first analyzed during 1960-1970 by J.M. Keynes and A.W. Phillips, emphasizes the fact that inflation generates enough causative factors for the occurrence of unemployment phenomenon, the two phenomena causing serious disturbances on the labor market, particularly on labor mobility. The massive migration of labor is a net loss of human capital, which could be exploited in another manner. This is why a strategy for the inclusion of human capital on labor market would be more profitable and would bring higher value added to the economy and society than the present export of manpower produces.

Suggested Citation

  • Assoc. Prof. Marieta STANCIU Ph.D & Assoc. Prof. Mădălina Giorgiana MANGRA Ph.D, 2017. "Effects Of Inflation On Labor Force Mobility," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(29), pages 14-24, November.
    • Handle: RePEc:aio:rteyej:v:1:y:2017:i:29:p:14-24
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    Keywords

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    JEL classification:

    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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