Estimates of Labour Market Flexibility in Bulgaria

Vasil Tzanov

Economic Thought journal, 2007, issue 7, 27-46

Abstract: The flexibility is defined as labour market ability to respond to external influence and changes. Concerning the first aspect, the labour market reaction is studied in the case of influence of more important macro-economic factors (GDP, inflation and labour productivity). In order to estimate the labour market ability for changing, key indicators in the field are used: labour force mobility (labour market flows - internal and external), working time duration and labour contracts character. Based on the results of the study, a conclusion can be made that the Bulgarian labour market should be recognised as moderately flexible. It reacts differently to external influence, shows high cross-sectional mobility and limited application of employment flexibility.

JEL-codes: J00 J21 J62 (search for similar items in EconPapers)
Date: 2007
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Journal Article: Assessments of the Flexibility of the Labour Market in Bulgaria (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2007:i:7:p:27-46

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