Labour supply in Latvia and its impacting factors
2018
Sannikova, A., University of Economics and Culture, Riga (Latvia) | Grizane, T., Turiba Univ., Riga (Latvia)
Economic growth in a region affects the demand for labour, including qualified labour. The research analysed changes in the supply of qualified labour and jobs in Latvia. The research revealed that: 1) the supply of jobs by employers increased in the period 2010−2016; 2) the number of vacant jobs also increased in the same period. The research showed that there was a surplus of qualified labour in the national economy of Latvia at the existing output level and supply of jobs. A strong positive correlation was identified between the number of vacant jobs and net earnings (r=0.80). The number of vacant jobs in the period 2010−2016 changed according to a linear trend (R2= 0.86).
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