scholarly journals Assessment of the Impact of the Financial and Economic Crisis and the COVID-19 Pandemic on the National Labor Market

2020 ◽  
pp. 177-182
Author(s):  
L. Shamileva ◽  
◽  
O. Khandii ◽  
Keyword(s):  
Labor Market ◽  
Economic Crisis ◽  
Economic Recession ◽  
Economic Consequences ◽  
Electricity Production ◽  
Social Risks ◽  
Declining Demand ◽  
Social Insecurity ◽  
The Impact ◽  
National Labor Market

The impact of quarantine restrictions during the global COVID-19 pandemic and the financial and economic crisis on the national labor market was explored in the article. Possible changes in the number of people employed in various sectors of the Ukrainian economy were determined on the basis of estimates of expected production volumes and subject to maintaining the achieved level of labor productivity in previous years. The characteristic was given to the negative trends of declining demand for personnel by industry, construction, services. Metallurgical production, mechanical engineering, electricity production, textile clothing production, production of consumer durables were attributed to the main types of industrial activity, where there are very negative trends in production. The expected amount of layoffs and growth in the number of unemployed was calculated for the crisis period of 2020-2021. The reduction of staff occurred in more than a third of enterprises in construction and services, which is taken into account in the calculations. Three temporal stages of overcoming the economic recession and overcoming the economic consequences of quarantine, which determine the content, nature and depth of social risks in the system of social and labor relations and in the field of employment, were proposed. The sequence of social risks associated with declining business activity, quarantine restrictions during the COVID-19 pandemic, and the intensification of the digitalization of the economy and society has been determined. The growth of social insecurity and insufficiency of livelihoods is expected at the first stage, the risks of unemployment persist, the risks of non-compliance of labor supply with educational and professional needs of the labor market, increased labor migration, increased partial and informal employment increase in the second stage; social risks due to the intensity of digitalization increase in the third stage.

The impact of economic crisis on mental and physical health in Italy

2017 ◽  
Vol 14 (02) ◽  
pp. 103-110
Author(s):  
S. Tomassi ◽  
M. Ruggeri
Keyword(s):  
Mental Health ◽  
Physical Health ◽  
Economic Crisis ◽  
Social Determinants ◽  
Great Recession ◽  
Economic Recession ◽  
Behavioural Disorders ◽  
Economic Activities ◽  
The Impact ◽  
Mental And Physical Health

Summary Background: The global crisis that began in 2007 has been the most prolonged economic recession since 1929. It has caused worldwide tangible costs in terms of cuts in employment and income, which have been widely recognised also as major social determinants of mental health (1, 2). The so-called “Great Recession” has disproportionately affected the most vulnerable part of society of the whole Eurozone (3). Across Europe, an increase in suicides and deaths rates due to mental and behavioural disorders was reported among those who lost their jobs, houses and economic activities as a consequence of the crisis.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

Does the impact of the COVID-19 pandemic influence the FX? A note.

2021 ◽  
Vol 15 (2) ◽  
Author(s):  
Evangelos Vasileiou
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Economic Recession ◽  
Interest Rate Risk ◽  
Economic Consequences ◽  
Domestic Currency ◽  
Effective Response ◽  
Policy Makers ◽  
The Cost ◽  
The Impact

This note shows that the effective response of a country in its battle against COVID-19 influences the exchange rate of its currency. Particularly, we examine the GBPUSD, AUDUSD and AUDGBP pairs of currency during the COVID-19 outbreak and the results show that the domestic currency of the country which documents more COVID-19 cases in each pair is depreciated against the foreign one. Therefore, a country which cannot effectively mitigate the impact of COVID-19 and whose currency is depreciated may present further economic consequences in the future. Such consequences extend beyond economic recession and may include sovereign and interest rate risk. These findings may be useful for policy makers in order to estimate the cost of the pandemic.

The Impact of the Asian Financial Crisis on Foreign Workers in Taiwan

1998 ◽  
Vol 7 (2-3) ◽  
pp. 145-169 ◽  
Author(s):  
Joseph S. Lee
Keyword(s):  
Labor Market ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Construction Projects ◽  
Economic Structure ◽  
Asian Financial Crisis ◽  
Foreign Workers ◽  
Skilled Workers ◽  
The Future ◽  
The Impact

Having experienced an economic crisis earlier, Taiwan was on its way to recovery when the crisis struck in 1997. In general, Taiwan's labor market was hardly affected by the crisis. Although the demand for foreign workers continues, there will be a decline in the employment of foreign workers in the future. The completion of construction projects and the upgrading of the economic structure would imply a lesser demand for foreign workers in the next few years. In the future, while the Taiwanese labor market would be more restrictive of less-skilled workers, it would be more open to professionals and highly skilled.

scholarly journals The Implications of the Recent Economic Crisis on Fertility in Greece

2015 ◽  
Vol 3 (1) ◽  
pp. 154 ◽  
Author(s):  
Byron Kotzamanis ◽  
Anastasia Kostaki
Keyword(s):  
Social Security ◽  
Economic Crisis ◽  
Economic Recession ◽  
Developed Countries ◽  
Economic Crises ◽  
Family Policies ◽  
Negative Effects ◽  
Social Security Systems ◽  
Close Relationship ◽  
The Impact

A systematic review of past economic recessions occurred in developed countries confirms that social and economic crises often have serious effects on fertility while, beyond national differentiations, these effects have certain characteristics, e. g. a weak effect on generational fertility;an postponement on the timing of first birth, closely related to a late marriage or union;a close relationship between unemployment and age-specific fertility. The sensitivity of fertility behavior to economic crises is less marked in countries with longstanding family policies and strong social security systems. The recent social and economic recession in Greece took place under different social conditions than many recessions in the past. More women than ever are participating in the labor market, most couples use reliable contraception that enables them to postpone childbearing, while social security and health costs are burdened from the rapidly expanding numbers of elderly. All these factors can affect reproductive decisions and potentially aggravate the negative effects of the recession on fertility. This work, using the latest available official data of Greece, provides an investigation of the impact of the current economic crisis on fertility levels, as well as the evolution of these levels through time.

scholarly journals Health, employment and recession: the impact of the global crisis on health inequities in New Zealand

2010 ◽  
Vol 6 (4) ◽  
Author(s):  
Clair Mills
Keyword(s):  
New Zealand ◽  
Gross Domestic Product ◽  
Economic Crisis ◽  
Economic Recession ◽  
Health Inequities ◽  
Global Crisis ◽  
Per Capita Gdp ◽  
Unemployment Rates ◽  
Per Capita ◽  
The Impact

New Zealand entered a period of economic recession in early 2008, intensified by the global economic crisis of September 2008. Gross domestic product (GDP) fell consistently during 2008, and that year saw the economy’s worst performance in over a decade (The Treasury, 2010a). Real per capita GDP contracted through 2009 and, despite some market optimism in early 2010, economic indicators remain sluggish. Unemployment rates have risen and remain the highest seen since the last recession in 1997–98. The Treasury recently stated that ‘the current recovery is likely to remain muted relative to past recoveries’ (The Treasury, 2010b). 

scholarly journals PANDEMI COVID 19 DAN PENGARUHNYA TERHADAP PASAR TENAGA KERJA DI INDONESIA

2020 ◽  
Vol 12 (2) ◽  
pp. 36-46
Author(s):  
Pandu Adi Cakranegara
Keyword(s):  
Labor Market ◽  
Private Sector ◽  
Economic Crisis ◽  
World Bank ◽  
Quantitative Easing ◽  
Goods And Services ◽  
International Labor ◽  
Ministry Of Finance ◽  
The Government ◽  
The Impact

Pandemic Covid 19 is a crisis that begins with health problems. But the crisis is heading towards an economic crisis. This study examines the impact of the economic crisis using various data from various sources such as Bank Indonesia, Ministry of Finance, World Bank, International Labor Organizations, International Monetary Funds and McKinsey. Based on the data collected, the economic impact on the labor market is analyzed. The results of this study conclude that the high unemployment will create a decrease in demand while the Quantitative Easing policy and private sector debt restructuring from Bank Indonesia is directed to the supply sector. Without the demand for goods and services from consumers, the company will not be able to sell its products and recover as usual. The policy suggested from this study is that the government needs to create manpower and whenever it feels necessary to subsidize the salaries of employees, especially in the national leading sectors.

scholarly journals Labor force shortage analysis in Romania - size, impact and measures

2020 ◽  
Vol 2 (1) ◽  
pp. 285-295
Author(s):  
Valentina Vasile ◽  
Cristina Rodica Boboc ◽  
Simona Ioana Ghiţă ◽  
Irina Băncescu ◽  
Andreea Simona Săseanu
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Economic Effects ◽  
Economic Consequences ◽  
Negative Effects ◽  
Main Determinants ◽  
The Impact

Abstract Under the impact of unfavourable demographic developments, some existing imbalances on the Romanian labor market have worsened. Thus, in 2019 the labor force shortage was estimated to 300000 persons, while in the last ten years the number of vacancies has exceeded 60,000 places, more than double the level at the beginning of the period (2010). This phenomenon may have negative social and economic effects. In this context, the present paper aims at analysing the labor shortages in Romania, at identifying its main determinants and the most important social and economic consequences and recommends a series of measures to mitigate the negative effects of this phenomenon.

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