Theoretical and Applied Economics
No. 4 / 2017 (613), Winter
The strategy for reducing unemployment. Employment in the European Union
The Bucharest University of Economic Studies, Romania
Mădălina Gabriela ANGHEL
“ARTIFEX” University of Bucharest, Romania
Abstract. The issue of employment is a problem in the European Union as in every Member State. Unemployment may rise or fall depending on the economic and social strategy of each country, but also on job qualification and supply. Within the European Union, there is a strategic program that provides for the full reduction of unemployment, massive investment to provide jobs for the absorption of some of the unemployment, and the preparation, diversification and upgrading of the quality of the workforce. The main objective of the European Union is to find a strategy that will lead to the absorption of unemployment in the member countries so that besides economic growth, better living conditions will be ensured for all employees. In this article, the authors have proposed to make a trip, to present the European Union's strategy with significant data showing the concern of the member countries so that the reduction of unemployment is ensured. The free movement of persons in the European Union is a factor that ensures welfare increases due to wage uniformization. The analysis is also related to unemployment among male and female sexes, showing that it is higher among women. An analysis of the generations of the occupied or unoccupied population in the European Union is another element that is interesting and important and is carefully dealt with by the authors in this article. It is highlighted for each country the unemployment situation, and there is also a preoccupation to make a comparative study that will ultimately ensure the closure of the unemployed population. Free movement of people acts in a twofold sense, namely, countries with less economic potential and investment opportunities to create lesser jobs and countries that have a strong economy, an economy that can offer a significant number of jobs. In the first category of countries we meet with Romania has the advantage of feeling less the effects of the unoccupied population in the sense that they are looking for jobs in other countries. One non-retortionary question would be what would happen to Romania if the population, people working in Spain, Italy and other countries would still remain in Romania. In the other countries, based on the qualification of the unemployed labor force and the jobs offered, a paradox follows: some countries, Spain, Portugal, the UK, even Germany, although they have more than moderate unemployment, accept labor from Eastern European countries. The authors conclude on the prospect of implementing a uniform strategy to ensure that all EU Member States can absorb labor.
Keywords: employment, unemployment, absorption, employed population, unoccupied population.
Contents
- The financial stability index –
An insight into the financial
and economic conditions of Romania
Claudiu Mihail MANOLESCU
Elena MANOLESCU
- The strategy for reducing unemployment.
Employment in the European Union
Constantin ANGHELACHE
Mădălina Gabriela ANGHEL
- Economic value of portfolio diversification:
Evidence from international multi-asset portfolios
Prateek SHARMA
- Inflation convergence among the next eleven economies:
Evidence from asymmetric nonlinear unit root test
Aycan HEPSAG
- Bitcoin as digital money:
Its growth and future sustainability
Pradipta Kumar SAHOO
- Target P/E ratio determinants in the Turkish Stock Market:
Earning volatility effect
Halil ARSLAN
Yuksel ILTAS
Temur KAYHAN
- Wavelets based multiscale analysis
of select global equity returns
Avishek BHANDARI
- The cost to have a healthy population –
The European Union's strategy
Mădălina Gabriela ANGHEL
Constantin ANGHELACHE
- The relationship between oil and stock prices:
The case of developing and developed countries
Gülfen TUNA
Nazire GÖLEÇ
Vedat Ender TUNA
- Macroeconomic determinants of income
inequality in India and Pakistan
Kashif MUNIR
Maryam SULTAN
- Examination of the exchange rate
and interest rate channels of the monetary transmission
mechanism during the inflation targeting:
Turkey and Mexico countries examples
Musa ATGÜR
N. Oğuzhan ALTAY
- Macroeconomic determinants of public debt growth:
A case study for Tunisia
Samia OMRANE BELGUITH
Hanen OMRANE
- Dynamic regime switching behaviour
between cash and futures market:
A case of interest rates in India
Pradiptarathi PANDA
Malabika DEO
Jyothi CHITTINENI