STRUCTURAL CHANGES IN THE ROMANIAN LABOUR MARKET

Geo-Alexandru Spanulescu ()
Additional contact information
Geo-Alexandru Spanulescu: The School of Advanced Studies of the Romanian Academy

Internal Auditing and Risk Management, 2019, vol. 56, issue 4, 88-97

Abstract: Analysis of the effect on the evolution of the labor market predicts a significant increase of demand in skills and qualifications on all levels of workplaces in the future. Industrial and technological changes bring along higher demands of medium-to-highly qualified personnel, while leaving behind the underprepared. Workplaces that required a low level of preparation in the past have also shown a constant increase in medium or even high-level skill requirements. Currently, the level of skill demand is increasing in all professional categories, including even the lowest tiers of occupations. There is a noticeable increase in demand for a highly qualified and adaptive workforce, as well as workplaces requiring high qualifications and formal education. Requirements regarding skills and qualifications also suffer a significant increase in all workplace levels. Structural changes in the labor market lead to a polarizing increase of workplaces dedicated to the highly-qualified, resulting in a drop of demand for workplaces involving trivial tasks, suited for the less qualified personnel. Thus, workplace polarization occurs on all professional levels creating a significant imbalance in favor of the highly-qualified. In this context, less qualified personnel (or non-qualified) will face multiple adversities when searching for a workplace in the future as well as confronting the permanent threat of unemployment (statistics indicating that non-qualified or less qualified personnel have approximatively twice the unemployment rate when comparing them to the highly-qualified category). In the same context, Romania’s economy is also in a constant and dynamic change process, generated both by the transition to a market-based economy and by the effects of globalization. To further understand the labor market mechanisms, this paper analyses a series of statistical indicators obtained either through direct measurement such as: labor resources, active population, working population, number of employees, number of unemployed, either through calculation of derived indicators such as: activity rate, employment rate, unemployment rate, etc.

Keywords: labour market; employment; segmentation; unemployment (search for similar items in EconPapers)
JEL-codes: E24 J21 J60 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://aimr.univath.ro/download/1199_007GS.pdf (application/pdf)
http://aimr.univath.ro/en/article/STRUCTURAL-CHANG ... OUR-MARKET~1199.html (text/html)

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:ath:journl:v:56:y:2019:i:4:p:88-97

Access Statistics for this article

Internal Auditing and Risk Management is currently edited by Emilia Vasile

More articles in Internal Auditing and Risk Management from Athenaeum University of Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Cosmin Catalin Olteanu and Emilia Vasile ().