IS THE POLICY-INDUCED ROMANIAN DEMOGRAPHIC BOOM AFFECTING THE LABOR MARKET?

OTOIU Adrian, Bucharest University of Economic Studies

Abstract:
The effects of Romania’s policy-induced demographic boom from 1967 on the labour market were not assessed so far as stronger influences on the labor market, such as transition to a market economy and emigration, were at play. This paper explores whether the demographic boom affects the age distribution of the labour force as a whole and for major occupation groups. Results show some impact on most occupation groups, with cohort increases that were accommodated by the Romanian labour market. These results may inform policy making and suggest potential future developments in which a shrinking population could lead to labour shortages.

Keywords: demographic boom, labour market, occupational groups

JEL Classification: N34, J00, J21

Volume: 69, Issue: 5

Pages: 96 - 106

Publication date: December, 2017

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/69508otoiu.pdf

”Cite