The Crisis Impact on the Labour Market

Simona Valeria Toma () and Daniela Ancuta Sarpe ()
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Simona Valeria Toma: Dunarea de Jos University of Galati, Romania
Daniela Ancuta Sarpe: Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2010, issue 2, 51-58

Abstract: The aim of this paper is to discuss the impact of the current global economic crisis on the labour market, including the risk that the recession will be followed by a jobless recovery that contributes to a lost generation of young people in the workforce. The crisis affects different sectors in different ways, but the impact also varies according to age, gender, skills level and type of contract. Although it had a more significant effect on the private sector of the economy, the crisis’s impact on the broader public sector is also obvious. Migrants, both legal and illegal, are particularly vulnerable during crises because they are typically not being provided the same level of employment protection as native workers and hence they are the first to lose their jobs during an economic downturn.

Keywords: economic crisis; unemployment; young workers; migrant (search for similar items in EconPapers)
JEL-codes: E24 F16 F22 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2010:i:2:p:51-58

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