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The Balance between Flexibility and Security in the Labor Market in Romania

Author

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  • Avram Costin Daniel

    (Faculty of Economics and Business Administration, University of Craiova)

Abstract

Balance between flexibility and security in the labor market is essential for the achievement of performance criteria both employer and employee. In Romania populism characteristic of the period of transition to market economy and found an unfortunate reflection Labor Code - Law 53/2003, which established settlement in legal obvious imbalance between the interests of unions, very strong at that time, and the interests of employers represented employers' associations without a definite decision making power. Almost paradoxically triggered by the global financial crisis in 2008, accompanied by accelerating the privatization process led to the change of forces which allowed a number of amendments to the new Labour Code adopted by Law 53/2011. This study aims to identify the elements of balance between flexibility and safety in Romania and if we talk about adopting flexicurity work righteousness, as being implemented in developed countries in the European Union.

Suggested Citation

  • Avram Costin Daniel, 2013. "The Balance between Flexibility and Security in the Labor Market in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 415-418, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:415-418
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    Keywords

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    JEL classification:

    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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