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Institutional Changes and Labour Market Operation in Interwar Romania

Florin Pavelescu ()

Romanian Journal of Economics, 2020, vol. 50, issue 1(59), 113-135

Abstract: The paper firstly reviews the changes of the institutional framework of the labour market in Romania between 1919 and 1939 and emphasizes the importance of the transposition of the International Labour Organization conventions into the national law. Then, the analysis is focused on the features of the employment model and of the labour market disequilibria during the above-mentioned period. On this basis, it is possible to conclude that during the interwar period, Romania's employment model was a dual one. i.e. the agriculture represented the traditional sector and supplied jobs for about 80% of the active population, while the non-agricultural branches acted as the modern sector. Also, the pattern of the labour market disequilibria was quite different during the second interwar decade in comparison to the first one.

Keywords: International Labour Organization; Placement Offices; employment model; seasonality; intellectual unemployment (search for similar items in EconPapers)
JEL-codes: D02 E J08 J21 J64 N34 (search for similar items in EconPapers)
Date: 2020
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Handle: RePEc:ine:journl:v:50:y:2020:i:59:p:113-135