ТРЖИШТЕ РАДА У СРБИЈИ: 1990-2005
LABOR MARKET IN SERBIA: 1990-2005.

Summary/Abstract: Key problems in transitions in Serbia can be analysed through the processеs happening at the labor market. Labor market in Serbia is devided on the formal and informal one (“grey”). The basic problem is mass unemployment. The unemployment in Serbia is not frictional unemployment resulting from decisions of workers to change their jobs. This kind of unemployment is considered normal at all labour markets. Since it is not frictional, unemployment in Srbia is not short-term one. This unemployment is by its nature structural and therefore long-term. Structural unemployment always arises as a result of the illadapted structure of labor supply and demand. There is a particularly high level of longterm unemployment among young people who practically do not have any work experience. The only realistic solution for mass unemployment and low wages in the Serbian economy is increasing of productivity and overall economic efficiency.

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