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The Crisis Impact on the Labour Market

Author

Listed:
  • Simona Valeria TOMA

    (Dunarea de Jos University of Galati, Romania)

  • Daniela Ancuta Sarpe

    (Dunarea de Jos University of Galati, Romania)

Abstract

The aim of this paper is to discuss the impact of the current global economic crisis on the labour market, including the risk that the recession will be followed by a jobless recovery that contributes to a lost generation of young people in the workforce. The crisis affects different sectors in different ways, but the impact also varies according to age, gender, skills level and type of contract. Although it had a more significant effect on the private sector of the economy, the crisis’s impact on the broader public sector is also obvious. Migrants, both legal and illegal, are particularly vulnerable during crises because they are typically not being provided the same level of employment protection as native workers and hence they are the first to lose their jobs during an economic downturn.

Suggested Citation

  • Simona Valeria TOMA & Daniela Ancuta Sarpe, 2010. "The Crisis Impact on the Labour Market," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 51-58.
    • Handle: RePEc:ddj:fseeai:y:2010:i:2:p:51-58
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    File URL: http://www.ann.ugal.ro/eco/Doc2010_2/Toma_Sarpe.pdf
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    1. repec:ilo:ilowps:433612 is not listed on IDEAS
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    More about this item

    Keywords

    economic crisis; unemployment; young workers; migrant;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration

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