THE IMPACT OF LABOUR MARKET ON MIGRATION PROCESS IN THE CENTRAL AND EASTERN EUROPE

Keywords: labor market, employment rate, unemployment rate, migration, CEE countries

Abstract

The article presents the results of the study of the main trends of the labor market in Central and Eastern Europe during 2010-2021; it also investigates selected labour market outcomes affecting migration processes in Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary. Using econometric modeling, the impact of GDP per capita, annual net earnings per employee, job vacancy rate, unemployment rate on the number of emigrants from these CEE countries was estimated. It is followed by the analysis which controls for dependence of the number of immigrants to CEE countries on labor market outcomes and GDP per capita. The simulation results demonstrate a direct impact of the indicators of net earnings per worker, the level of unemployment and quantity of emigrants from CEE countries. At the same time, there is a direct relationship between job vacancy rate, net earnings and immigration into Bulgaria, Czech Republic, Estonia, Latvia, Lithuania, Romania, Poland, Slovak Republic, Slovenia, and Hungary.

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Published
2021-10-26
How to Cite
Tsevukh, Y., Bobrysheva, V., & Krupytsia, A. (2021). THE IMPACT OF LABOUR MARKET ON MIGRATION PROCESS IN THE CENTRAL AND EASTERN EUROPE. Economy and Society, (32). https://doi.org/10.32782/2524-0072/2021-32-112
Section
INTERNATIONAL ECONOMIC RELATIONS