Financial impact on the labor market in the Balkan countries

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Abstract

The purpose of the paper has to do with the level of influence of the labor force on the labor market in the countries of the Western Balkans. Labor force categories of which, age, gender, and education, can affect economic business. What social policies the countries of the Western Balkans have undertaken for the categories with a low level of employment? According to the research, the level of unemployment varies from around 30% to 35%, where the countries of the Western Balkans have constant problems in finding workers with the required qualifications, according to different profiles. From the research data, we found that the biggest shortages are in the production sector and the technical profile, which is also related to the level of professional training. In order to have effective results, in the paper, we used empirical and comparative analysis, of how the workforce in the Balkan countries affects the working business in the business sector for the period 2016–2019. In terms of research, various statistics were analysed, which were related to the causes of labor shortage in the labor market.

Keywords: Labor Market, Labor Force Level, Level of Employees, Unemployment, Workforce, Labor Force, Participation Employment, Status

Authors’ individual contribution: Conceptualization — S.R. and G.V.; Methodology — S.R. and G.V.; Formal Analysis — S.R.; Writing — Original Draft — S.R. and G.V.; Writing — Review & Editing — S.R. and G.V.; Supervision — G.V.; Project Administration — S.R.

Declaration of conflicting interests: The Authors declare that there is no conflict of interest.

JEL Classification: A13, A20, J01, J08, J44, J45

Received: 08.09.2022
Accepted: 07.04.2023
Published online: 11.04.2023

How to cite this paper: Rexhepi, S., & Vataj, G. (2023). Financial impact on the labor market in the Balkan countries. Corporate & Business Strategy Review, 4(2), 114–123. https://doi.org/10.22495/cbsrv4i2art10