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Analysis of Principal Tendencies of Labour Market in the Republic of Moldova

Author

Listed:
  • Savelieva Galina

    (, PhD, Associate professor researcher, Center for Demographic Research, National Institute for Economic Research (CDR NIER), Republic of Moldova, gts6@mail.ru.)

  • Zaharov Svetlana

    (, PhD, scientific researcher, Center for Demographic Research, National Institute for Economic Research (CDR NIER), Republic of Moldova ; zaharov.svetlana@gmail.com)

Abstract

This article presents the analysis of the principal tendencies in development of labour market in the Republic of Moldova in the period 2014-2020, including the period of the COVID-19 pandemic crisis. Negative natural growth and increased external migration over the last two decades have led to the population’ decline by about 25%, which had the negative impact on labour market contributing to the quantitative and qualitative decline in labour supply. The irreversible ageing process has led to a change in the structure of economically active and employed population by age and sex, as labour market has aged. The increase in the share of elderly population, who have a lower level of participation in labour market, has also influenced the rates of economic activity, which have decreased from 60% to 40%, while having a slight recovery in recent years. In addition to the problems mentioned above, there are also qualitative problems, including the informal employed population, whose share, after a period of decline in recent years, has begun to rise again (mainly in agriculture and construction), which indicates a slow pace of structural change in the national economy.

Suggested Citation

  • Savelieva Galina & Zaharov Svetlana, 2022. "Analysis of Principal Tendencies of Labour Market in the Republic of Moldova," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 13(1), pages 143-158, July.
    • Handle: RePEc:vrs:hjobpa:v:13:y:2022:i:1:p:143-158:n:9
    DOI: 10.2478/hjbpa-2022-0010
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