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The Labor Market in Azerbaijan

Author

Listed:
  • Ramiz Rahmanov

    (Central Bank of Azerbaijan Republic)

  • Asif Gasimov

    (Central Bank of Azerbaijan Republic)

  • Gulzar Tahirova

    (Central Bank of Azerbaijan Republic)

Abstract

This paper analyzes the development of the labor market in Azerbaijan from the early 1990s until the early 2010s. The analysis shows that the labor market has a range of positive characteristics such as high labor force participation and employment, low youth and female unemployment, flexibility, and a low share of the “working poor”, all of which can beneficially influence future economic prospects. However, the Azerbaijani labor market also experiences certain undesirable developments, such as an increase in the share of labor with primary education, a shift towards elementary occupations, a high share of self-employment, and an excess of labor cost growth over productivity growth, all of which can threaten further economic development.

Suggested Citation

  • Ramiz Rahmanov & Asif Gasimov & Gulzar Tahirova, 2016. "The Labor Market in Azerbaijan," Working Papers 1602, Central Bank of Azerbaijan Republic.
  • Handle: RePEc:aze:wpaper:1602
    as

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    References listed on IDEAS

    as
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    More about this item

    Keywords

    labor market; labor market flexibility; employment; unemployment; labor force; Azerbaijan;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J65 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment Insurance; Severance Pay; Plant Closings
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions

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