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European Labour Markets Challenges In The Context Of The „Europe 2020” Strategy

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  • BELEVA, Iskra

Abstract

The article studies the crisis’ effects on the development of labour markets in Europe and in Bulgaria, in particular. It outlines the strong decrease in labour demand and high unemployment in a considerable part of the member-countries as well as the decrease in households’ incomes and the standard of living dynamics. The increased pressure on public finances under crisis conditions encounters their restricted opportunities, additionally limited by the strict fiscal consolidation carried out. The active labour market policies carried out manage partially and temporary to compensate for the negative effects of the crisis, and the success of macroeconomic growth policies is minimal. The desired structural reforms do not succeed in acquiring sufficient speed to provide the labour productivity dynamics and to achieve „smart, sustainable and inclusive growth”. All this gives rise to challenges facing the European Strategy 2020 goals and calls for reviewing the managerial and financial mechanisms, triggered for its achievement

Suggested Citation

  • BELEVA, Iskra, 2011. "European Labour Markets Challenges In The Context Of The „Europe 2020” Strategy," Economics 21, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2, pages 1-13.
    • Handle: RePEc:dat:econ21:y:2011:i:2:p:13
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    File URL: http://hdl.handle.net/10610/1816
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    References listed on IDEAS

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    1. Carone, Giuseppe & Koopman, Gert Jan & Pichelmann, Karl, 2009. "Labour market prospects and policies to soften the impact of the financial crisis," MPRA Paper 24864, University Library of Munich, Germany.
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    More about this item

    Keywords

    „Europe 2020” strategy; European labour market; active labour market policy; labour productivity; public expenditures;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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