CASCADING CONSEQUENCES OF UNEMPLOYMENT
Combating poverty represents one of the challenges of the modern economy and Europe's geopolitical situation contributes to worsening this problem. Economic growth and employment rate are determinants of the level of poverty in a society. Unemployment and its consequences are widely approach...
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| Main Authors: | , |
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| Format: | Article |
| Language: | deu |
| Published: |
University of Oradea
2023-07-01
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| Series: | Annals of the University of Oradea: Economic Science |
| Subjects: | |
| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2024/02/AUOES.July_.202320.pdf |
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| Summary: | Combating poverty represents one of the challenges of the modern economy and
Europe's geopolitical situation contributes to worsening this problem. Economic growth
and employment rate are determinants of the level of poverty in a society. Unemployment
and its consequences are widely approached both in economic literature and in sociology
and psychology. In the first part of the paper, we carried out a conceptual presentation of
the economic and social consequences of unemployment at the national, individual, and
family level. In the second part, starting from Okun's law, we made an analysis of the
relationship between the gross domestic product and unemployment rate for the period from
2005-2022 in Romania. In order to carry out the research, we used a series of statistical
data regarding the unemployment rate available in the Monthly Bulletins of the National
Bank of Romania (NBR) and data on GDP available on the website of the National Institute
of Statistics of Romania (NIS). We worked with data regarding the situation in Romania
from the first quarter of 2005 – fourth quarter of 2022. The conclusions of the paper
converge towards the idea that unemployment is, nowadays, an increasingly complex
phenomenon, being generated by a multitude of factors and which, in turn, determine multilevel direct and indirect consequences. |
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| ISSN: | 1222-569X 1582-5450 |