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The Entropy of Romanian Economists into the Labour Market

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  • Mihaela Simionescu

    (Institute for Economic Forecasting of the Romanian Academy, Faculty of Business and Administration, University of Bucharest, 030018 Bucharest, Romania)

Abstract

The rate of unemployment for higher educated people has increased in Romania in the last few decades. The aim of this paper is to analyse survey data from master’s students in Economics from some private and public universities in Bucharest. The study uses ANOVA/linear Dependent Dirichlet Process mixture model to explain the scores from these surveys. The results suggest that the causes of interview rejections for master’s students are due to gender, work seniority, type of university attended, and the requirements of employers in the field. In addition, a rank ordered probit model is used to assess the importance assigned by managers to recommendations to improve university education. The results confirm the rigidities of the Romanian labour market and the necessity to design more and better internships that support policy recommendations for better school-to-work transition.

Suggested Citation

  • Mihaela Simionescu, 2023. "The Entropy of Romanian Economists into the Labour Market," Social Sciences, MDPI, vol. 12(4), pages 1-13, April.
    • Handle: RePEc:gam:jscscx:v:12:y:2023:i:4:p:254-:d:1129778
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    References listed on IDEAS

    as
    1. Dario Cords & Klaus Prettner, 2022. "Technological unemployment revisited: automation in a search and matching framework [The future of work: meeting the global challenges of demographic change and automation]," Oxford Economic Papers, Oxford University Press, vol. 74(1), pages 115-135.
    2. Biagi, Federico & Lucifora, Claudio, 2005. "Demographic and Education Effects on Unemployment in Europe: Economic Factors and Labour Market Institutions," IZA Discussion Papers 1806, Institute of Labor Economics (IZA).
    3. Naroș Maria-Simona, 2019. "Foreign Direct Investment and Human Capital Formation," Journal of Intercultural Management, Sciendo, vol. 11(2), pages 163-178, June.
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