Publications - Monographs and Scientific Edited Books

One of the key objectives of economic policy is linked to the resolution of the imbalances in the labor market through alternative instruments of labor market policy. Costs of unemployment include not only financial aspects but also social and socio-political dimension. The unemployment rate tends to increase in many developed countries and the recession that began in 2008, only more striking deteriorated labor market imbalances. ILO publication of 2014 entitled Global Employment Trends, Risk of a Jobless Recovery (Global Employment Trends, the risk of economic recovery without job creation) indicates that, despite the termination of the global recession, unemployment remains in many countries to unsustainable levels. In the context of the European Union is expected the unemployment rate of 10.9% in 2016 compared to 7.25% before the crisis began in 2007.

Slovakia is among the countries that are wrestling with a particularly high rate of long-term unemployment. This phenomenon contributes significantly to negative developments in public finances, but also reflects the possible under-utilization of production capacity in the economy. The high unemployment rate is not only associated with a lack of demand for labor, but is also the result of conflict between the two (Workie Tiruneh et al., 2013). Empirical studies emphasize the true meaning of the mismatch between labor supply and demand, stemming either from lack of information, or geographical mismatch, qualification and skills of non-compliance.

The importance of anticipating labor market needs is therefore particularly important from the aspect of maping out possible discrepancies between labor supply and demand with respect to specific forms of occupation and education, regardless of the reasons for these discrepancies. The aim of this monograph is therefore to anticipate the needs of the Slovak labor market by 2025, with a mission to provide a picture of occupations and qualifications. At the same time it brings broader context of labor market needs and points to the potential risks of the future development of the labor market in Slovakia.