A change in labour market situation as a result of subprime crisis and steps taken to its alleviation
Journal Title: Zarządzanie i Finanse - Year 2013, Vol 11, Issue 2
Abstract
In most OECD countries, the labor market has suffered as a result of the economic crisis. However, a thorough analysis of Poland’s situation in the years 2008 –2011, shows that the period of economic slowdown did not only lead to an increase in the unemployment rate, but at the same time it brought about a slight increase in the employment rate. It might seem that the trend of both indicators are contradictory, but it is not quite the case. Due to the different denominators used in calculating both indices, such a situation is possible. What deserves attention in the years 2008–2011, is not only the good situation in Poland as compared to other OECD countries, but also the fact that the steady increase in the overall employment rate was due to the growing numbers of women entering the workforce. As far as men are concerned, there was a decline in employment in the years 2009 and 2010, but this was offset by an increase in female employment. Another issue that is being analyzed in the present study are the differences in employment and unemployment indicators as measured by the labour force survey and the registration method. The differences in the indicators point to the periods of expansion and shrinking of the grey economy.
Authors and Affiliations
Ewa Kosycarz
Keywords
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