THE IMPACT OF REMITTANCE FLOWS ON THE LABOUR MARKET
OF ROMANIA AND THE EU COUNTRIES

Carmen Boghean, University "Stefan cel Mare" of Suceava, Romania
Mihaela State, University "Stefan cel Mare", Suceava, Romania

ABSTRACT: Remittance flows have become a very important external source of financial flows
for numerous countries, with visible effects on the economic growth and the increased financial
stability of these countries. The labour force of Romania can be described as significantly
diminishing, as a consequence of the workers’ migration abroad and due to the increasing
demographic aging of the population. The lack of well-trained labour resources leads to the
decreased competitiveness throughout the European Union. The purpose of this paper is to analyse
the effects of migration through remittance flows on the labour market, by using the data base of
the World Bank and of the European Commission, for the period 2000-2013.

Key words: remittances, employment rate, labour market

JEL Codes: F24, F22, J61