Factors Influencing Employment and Unemployment Policies in Bulgaria

Venelin Terziev

doi:10.2139/ssrn.3410624

Abstract

The adequacy and timeliness of an implemented policy are crucial for the effective support of changes in the parameters of the labour market and economic development. Considering the time delay of the effects and changes. its duration should not be overlooked in order to develop preventive measures for a timely response. Shortening the period in which the effects of the contemporary crisis are transferred on the labour market, respectively labour demand, reflects not only the degree of elasticity of labour demand to primary markets, but also the flexibility of the implemented policies. This fact has focused attention on the flexibility of labour markets and opportunities through its increase to strengthen the mobility and adaptability of the workforce to the dynamically evolving labour demand.

Highlights

Based on the presented processes of labour market development and the policies implemented we can make a number of conclusions about the economic activity, employment and unemployment
Taking into account the development of the labour market, depending on the periods of economic development and the place and role of the labour mar-ket policy in the general economic policy in Bulgaria enables us to make several major conclusions for future development: The sensitivity of the labour market and its main parameters will increase in the future and will experience both the positive and negative effects of the cy-clical economic development
The openness of the Bulgarian economy deter-mines the effects of external impacts and the ongoing reform processes in the country determine additional internal impacts on the labour market

Summary

INTRODUCTION

Based on the presented processes of labour market development and the policies implemented we can make a number of conclusions about the economic activity, employment and unemployment. A policy to increase employment of the population as part of the macroeconomic policy and as a policy to reduce imbalances in labour markets; The level of education and vocational training, the degree of compliance between the preparation of the economically active population and the demand by organizations; the policy for development and improvement of the preparation of population, the policy for investment in human capital; The level of economic development, the structure of the economy and the guidelines for its development; The policy for development of small and medium-sized enterprises to promote entrepreneurship and selfemployment; The development and improvement of laws and by-laws to ensure the right to work and to create opportunities for the realization of this right by the various population groups; The policy for development of the regions and populated localities with high unemployment and declining economy; The financial, tax and investment policies of the state, creating the environment for economic activity of enterprises so that their demand for labour increases; The social and demographic policy, the income and special protection policy for certain categories of the population in the sphere of employment, etc. In a market economy and labour market the scale and the level of employment and unemployment of the economically active population are determined by the labour market and by the market forces governing supply and demand for labour (Terziev, Kanev, 2019; Terziev, 2019a-k; Terziev, 2018-d; Terziev, Georgiev, 2018e-f; Terziev, Arabska, 2014; Terziev, 2015-b; Terziev, Arabska, 2016a)

CONCLUSION

Findings

REFERENCE LIST