English Title Will Be Analysis of the Effects of Birth-Rate and Fertility on Romania’s Labour Market

Abstract

Romania in the past decades traversed a multitude of social and economic changes reflected in the increasing efficiently of its labour market in utilising and integrating young employees between the ages of 15 and 24 years old. This age group represents, in a broad economic view the future generations that will populate the labour market in the coming decades. Due to the effect of declining birth rates and lower fertility numbers this group is projected to shrink gradually. Thus, weakening over time, the total mass of adults that comprise the effective core of employees active on the labour market at one time or another. This decline is a direct result of population ageing through a decline in birth rates and fertility rates.

Aim The aim of this paper is to explore the correlation and influences through a linear regression model between birth rates, employment rate and unemployment rate on the current status of Romania’s labour market.

Method:  The method used to present the links and influences is a linear regression model cupelled with correlation analysis.

Findings: The expected results are that with the decline in birth rates and fertility a decline in the share of employees between the ages of 15 and 25 years old will occurs.

Keywords: Population Aging (PA); Employment Rate (ER); Crude Birth Rate (CBR); Fertility Rate; Unemployment Rate (UR).