Analysis and forecast of employees’ mobility on the labor market in Romania using Markov chains

Mariana Nicolae-Balan (), Carmen Uzlau and Corina Ene

Hyperion Economic Journal, 2013, vol. 1, issue 2, 13-25

Abstract: The mobility of labor, defined as responsiveness and adaptation of persons or groups of persons on the challenges of the social and economic environment is therefore a social phenomenon depending on time and space. A high mobility increases opportunities for workers to find a job and employers to find persons with an adequate level of skills, thus boosting employment and economic growth. In recent years, in Romania there has been an accentuation of existing gaps, compared with the European Union countries, as regards the occupational structure of employment. In this context, the paper proposes an analysis of the evolution of labor mobility in the main sectors of the Romanian economy. Also, it was pursued the Markovian modeling of employees’ mobility on the labor market and its forecast in Romania, under the impact of rapid and profound social and economic changes, and the correlation between them as well, with a view to make forecasts of the Romanian economy evolution in the short term.

Keywords: employees; Markov chains; mobility; forecast (search for similar items in EconPapers)
JEL-codes: C19 C53 J21 J45 J61 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:hyp:journl:v:1:y:2013:i:2:p:13-25

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