Contemporary Economic Theories Regarding the Labor Market

Silvia Gherghel
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Silvia Gherghel: The Court of Accounts of Romania - District Chambers of Accounts Hunedoara, Romania

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 1, 213-218

Abstract: Numerous theories and models regarding the labour market have been created lately, which demonstrates not only the complexity of the problems this market poses but mostly the difficulty of their solving. The great majority of these theories has appeared and has been applied in countries that are developed from an economical viewpoint. In countries that have their economy in transition, like Romania, no theory has been crystallized yet and the relevance of the existent models is unfortunately rather theoretical. The well- known theories and the new theoretical approaches are presented briefly in the paper as follows.

Keywords: unemployment; employment; wage; economic model; theory; labor market; labor force (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:8:i:1:y:2008:p:213-218

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