Youth employment on the Romanian labour market in the context of the current economic and financial crisis

Abstract

The paper intends to analyze the main labour market characteristics and factors for Romanian youth in the current market position. The analysis and forecast of the educational process and of graduates’ employment according to their differing educational levels on the Romanian labour market is realised based on Markovian techniques. By making use of the developed scenarios, the crisis effects can be quantified with respect to economic growth, labour market perspectives, as well as the employability and mobility of young labour force participants in the various economic sectors.

Keywords

• crisis, unemployment, labour market, young, impact modelling