Methodical approach to assessing the volume of youth labour migration in the states of the Eurasian Economic Union
Journal: RUDN Journal of Economics (Vol.27, No. 3)Publication Date: 2020-03-06
Authors : Alena Veselko;
Page : 576-586
Keywords : Eurasian Economic Union; labour markets; youth labour migration; methodical approach; forecasting; evaluation;
Abstract
Labour migration plays an integral role in the socio-economic development of any country; it affects both the structure and the size, the social and economic spheres of society. Therefore, it is necessary to monitor the migration process, because, in the future, it can have a positive impact on the economic growth of the country. The article proposes a model for macro-economic assessment of the volume of youth labor migration in the states of the Eurasian Economic Union (EAEU). The model is based on the ideas of labor migration in the form of a random Markov process with discrete states and continuous time. The chain states are interpreted as the labour market of the youth of the respective EAEU states, and the transition rates reflect the attractiveness of these markets for young people from different states. This made it possible to take into account the inherent uncertainty and inertia in the process of youth migration.
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Last modified: 2020-08-31 19:45:39