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Analysis of the Labor Market in the Republic of Srpska

Author

Listed:
  • Petrović Dragan

    (GD „Vrbas“ Laktaši, Bosnia and Herzegovina)

  • Duronjić Dijana

    (Faculty of Economics, University of Banja Luka, Bosnia and Herzegovina)

  • Mandić Dragan

    (Vocational School of Economics, Bosnia and Herzegovina)

Abstract

We are witnessing that the labor market indicators of the Republic of Srpska have been deteriorating for years. Unemployment rates are up to three times higher than the already high European average, with no prospect of changing the situation in the near future. Deterioration in the labor market with respect to people younger than 30 years of age bears particular significance. There is a notable gap between the reduction of unemployment rate and the increase of employed people from this population group. The question is: Where (and whether) are the young (educated) people disappearing from the labor market of the Republic of Srpska? The authors provide an analysis of the main indicators of the Republic of Srpska’slabor market, with the aim of recognizing the main tendencies and problems existing at the market, as well as the need to define adequate measures for their resolution.

Suggested Citation

  • Petrović Dragan & Duronjić Dijana & Mandić Dragan, 2017. "Analysis of the Labor Market in the Republic of Srpska," Economics, Sciendo, vol. 5(1), pages 72-93, June.
    • Handle: RePEc:vrs:econom:v:5:y:2017:i:1:p:72-93:n:4
    DOI: 10.1515/eoik-2017-0012
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    More about this item

    Keywords

    labor market; unemployment; employment; the Republic of Srpska;
    All these keywords.

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • 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

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