The Social Effects of Current Economic Crisis on the EU Labor Market

Aniþucãi Lucian Ionuþ ()
Additional contact information
Aniþucãi Lucian Ionuþ: "Al. I. Cuza " University, Iasi Faculty of Economics and Business Administration Doctoral School of Economics

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 2, 332-336

Abstract: The labor market is the economic space in which work users are traded freely as buyers and the owners of employment resource as sellers, where labor price mechanism of free competition between economic agents adjusts the labor supply and demand. To convince how important this subject is, it is necessary to study the size of global economic inequality, since data and classifications made in the social sciences is not representing exactly the reality because they are not able to interpret situations where many families are directly or indirectly affected by the current economic crisis. The overall impact of the financial crisis on the real economy was strongly experienced and the economy as a whole was affected by a significant slowdown in growth, which affected people, businesses and jobs. Therefore, the current crisis has become a challenge that the social Europe can not afford to ignore if she wants to promote a 'sustainable growth'.

Keywords: economic crisis; labor market; housing buble; recession; employment. (search for similar items in EconPapers)
JEL-codes: F62 F66 J21 J64 J65 (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://stec.univ-ovidius.ro/html/anale/ENG/cuprins%20rezumate/volum2012p2v2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:2:p:332-336

Access Statistics for this article

Ovidius University Annals, Economic Sciences Series is currently edited by Spatariu Cerasela

More articles in Ovidius University Annals, Economic Sciences Series from Ovidius University of Constantza, Faculty of Economic Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Gheorghiu Gabriela ().