THE IMPACT OF THE ECONOMIC CRISIS ON THE ROMANIAN LABOR MARKET - A REGIONAL ANALYSIS

2012

The global financial recession reconfigured the economical structures of many countries and in this context the labor markets all around the world faced major salary cuts and job losses. The Romanian economy wasn`t an exception, and for a better understanding of its labor structures we have analyzed the interactions between some of the most representative and measurable indicators using a regional econometric model. The results show that the dynamics of the labor market changed once the economic crisis was installed and are still continuing to modify since the magnitude of this global phenomena was very powerful.