Challenges to labor market development in Bulgaria
Венелин Терзиев, Stefan Stanchev
Abstract
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Венелин Терзиев, Stefan Stanchev
Abstract
Open-access reader
The paper examines challenges to labor market in the Republic of Bulgaria. The analyses of its development from the beginning of the transition to the market economy, structural changes in employment and unemployment, individual labor supply and policy of building a functioning labor market reveal specific factors of the unemployment and the growth in the country. Current problems are dicussed and general conclusions about future development are drawn on the basis of the examined aspects of labor market development influenced by the periods of economic development and the place and the roles of labor market policies in the general economic policy.
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The paper examines challenges to labor market in the Republic of Bulgaria. The analyses of its development from the beginning of the transition to the market economy, structural changes in employment and unemployment, individual labor supply and policy of building a functioning labor market reveal specific factors of the unemployment and the growth in the country. Current problems are dicussed and general conclusions about future development are drawn on the basis of the examined aspects of labor market development influenced by the periods of economic development and the place and the roles of labor market policies in the general economic policy.
Key concepts: Unemployment, Economics, Secondary labor market, Market development, Labour economics, Factor market, Supply and demand, Market economy