The perspectives of the Macedonian labour market in the period of post-recessional development

Nikoloski, Dimitar (2010) The perspectives of the Macedonian labour market in the period of post-recessional development. In: The Economy and business in post-recession, October 29, 2010, Prilep.

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Abstract

The aim of this paper is to assess the functioning of the Macedonian labour market and its perspectives in the period of post-recessional development. During the two decades long period of transition Macedonian labour market has been characterised with depressed conditions manifested by high and persistent unemployment rate, strong labour market segmentation and prevalence of long-term unemployment. Alongside the other spheres of the economy, recent recession has also affected the labour market performance. However, we find that disadvantaged segments such as youth, less educated and those employed in low productivity sectors have been concerned more than the rest of the labour force. The responsiveness of the labour market performance to macroeconomic fluctuation shows different patterns between period of economic growth and recession. According to our estimation, the negative macroeconomic shock has not been fully transferred in the domain of the labour market due to the role of the alternative labour market adjustment mechanisms such as employment in the informal sector, emigration and inactivity. Consequently we present appropriate policy measures which purpose is to improve the Macedonian labour market conditions.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 12 Dec 2019 09:07
Last Modified: 12 Dec 2019 09:07
URI: http://eprints.uklo.edu.mk/id/eprint/2187

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