Labor Market Developments in Albania: An Analytical Overview |
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| Authors: | Elida Çuka Harry Papapanagos Natasha Polo Peter Sanfey |
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| Institution: | University of Tirana, Albania; University of Macedonia, Greece; University of Tirana, Albania; European Bank for Reconstruction and Development, London UK; |
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| Abstract: | Rising unemployment and falling living standards are two of the main problems facing policymakers in economies in transition. The case of Albania is distinctive, because high unemployment has been associated with a very large private sector and by far the greatest scale of temporary emigration compared with other transition countries in Europe. The authors develop a model that characterizes the path of unemployment in the presence of temporary emigration. They analyze the emigration decision and the factors that affect registered unemployment emigration, and highlight how changes in flow probabilities between sectors affect the time paths of registered unemployment and emigration. |
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