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The Current Reforms Of The Labour Markets And Of The Related Social Policies At European Union Level – Are They The Best Solutions To Solve The Problems Which Appeared During The Crisis?

Author

Listed:
  • Ailinca, Alina Georgeta

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

  • Iordache, Floarea

    (Centre for Financial and Monetary Research “Victor Slăvescu”, Romanian Academy)

Abstract

The global economic and financial crisis seems to have unfortunate residual effects materialised in the increase of the budget deficits and of the public debt within the European Union, situation observed mostly in the old member states. Among the major effects of the crisis we can notice more serious fiscal-budgetary problems, as well as social and labour market problems, with a strong impact on the restoration of the present and future macroeconomic balance. Actually, the measures meant to restore the public finances on their floating line, thus ensuring the fiscal-budgetary sustainability, were the starting line for the economic and social reforms, which many times had rather adverse effects than beneficial effects on the analysed economies. In this paper we will present the measures proposed by the governments of some EU (European Union) countries for the labour market, health systems, education and social protection, highlighting the criticisable aspects, such as the lack of concrete results of the employment programs and of the social policies aiming to ameliorate and compensate the effects of population ageing.

Suggested Citation

  • Ailinca, Alina Georgeta & Iordache, Floarea, 2012. "The Current Reforms Of The Labour Markets And Of The Related Social Policies At European Union Level – Are They The Best Solutions To Solve The Problems Which Appeared During The Crisis?," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 16(2), pages 147-163.
    • Handle: RePEc:vls:finstu:v:16:y:2012:i:2:p:147-163
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    References listed on IDEAS

    as
    1. Alberto Alesina & Silvia Ardagna & Vincenzo Galasso, 2011. "The Euro and Structural Reforms," Review of Economics and Institutions, Università di Perugia, vol. 2(1).
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    3. Alberto Alesina & Francesco Giavazzi, 2010. "Europe and the Euro," NBER Books, National Bureau of Economic Research, Inc, number ales08-1, March.
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    More about this item

    Keywords

    economic crisis; structural reforms; public policies;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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