Estimates of Labour Market Flexibility in Bulgaria
The flexibility is defined as labour market ability to respond to external influence and changes. Concerning the first aspect, the labour market reaction is studied in the case of influence of more important macro-economic factors (GDP, inflation and labour productivity). In order to estimate the labour market ability for changing, key indicators in the field are used: labour force mobility (labour market flows - internal and external), working time duration and labour contracts character. Based on the results of the study, a conclusion can be made that the Bulgarian labour market should be recognised as moderately flexible. It reacts differently to external influence, shows high cross-sectional mobility and limited application of employment flexibility.
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Volume (Year): (2007)
Issue (Month): 7 ()
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- I Beleva & Richard Jackman & M Nenova-Amar, 1995. "The Labour Market in Bulgaria," CEP Discussion Papers dp0268, Centre for Economic Performance, LSE.
- Sandrine Cazes & Alena Nesporova, 2004. "Labour markets in transition: balancing flexibility and security in Central and Eastern Europe," Revue de l'OFCE, Presses de Sciences-Po, vol. 91(5), pages 23-54.
- Vassil Tzanov, 1999. "Modelling the Labour Market in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 123-172.
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