Dynamic Analysis and Modeling of the Labor Market Development in Ukraine

Анотація

Negative tendencies on the labor market in Ukraine caused social and economic problems which are connected with low level of income and unemployment. The article deals with investigation of dynamics peculiarities of socio-economic processes and modeling of the relationships between macroeconomic indicators on labor market in Ukraine during 2002-2013. The econometric model for labor force behavior is conducted. We also estimated system that models short-term adjustments and makes it possible to determine the short-run effects of some factors on the growth rate of wages, labor force, employment and unemployment. On the basis of simultaneous equation models the different alternative behavior scenarios of labor market indicators are analyzed.

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