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The Social Effects of Current Economic Crisis on the EU Labor Market

Author

Listed:
  • Aniþucãi Lucian Ionuþ

    ("Al. I. Cuza " University, Iasi Faculty of Economics and Business Administration Doctoral School of Economics)

Abstract

The labor market is the economic space in which work users are traded freely as buyers and the owners of employment resource as sellers, where labor price mechanism of free competition between economic agents adjusts the labor supply and demand. To convince how important this subject is, it is necessary to study the size of global economic inequality, since data and classifications made in the social sciences is not representing exactly the reality because they are not able to interpret situations where many families are directly or indirectly affected by the current economic crisis. The overall impact of the financial crisis on the real economy was strongly experienced and the economy as a whole was affected by a significant slowdown in growth, which affected people, businesses and jobs. Therefore, the current crisis has become a challenge that the social Europe can not afford to ignore if she wants to promote a 'sustainable growth'.

Suggested Citation

  • Aniþucãi Lucian Ionuþ, 2012. "The Social Effects of Current Economic Crisis on the EU Labor Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 332-336, Decembre.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:332-336
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    More about this item

    Keywords

    economic crisis; labor market; housing buble; recession; employment.;
    All these keywords.

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings

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