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Unemployment in Bulgaria, 1991-1993

Author

Listed:
  • Lubomir Dimitrov

    (Agency for Economic Analysis and Forecasting)

Abstract

The first half of 1990 marked the appearance of open unemployment in the Bulgarian economy as a result of the inability of the government budget to finance the artificially sustained level of over-employment. The output decline and the shrinking labour market are the kea factors for the high level of unemployment. Industry and argiculture are most affected since the largest share of the labour force was concentrated there. The larger part of the unemployment cohort was formed in 1991-1992. 1993 witnessed lower grouth rates. A kea source of unemployment are public sector lay-off for economic reasons. Their dynamics in the industrial sector is negatively correlated to the average wage dynamics. The average duration of unemployment is relatively long, but still below the highest world levels. Clearly all anti-employment efforts that are not linked to output recovery are irrelevant.

Suggested Citation

  • Lubomir Dimitrov, 1994. "Unemployment in Bulgaria, 1991-1993," Working paper series 21994en, Agency for Economic Analysis and Forecasting.
    • Handle: RePEc:eaf:wpaper:21994en
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    More about this item

    Keywords

    unemployment; Bulgaria;

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy

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