Analysis and priorities of state regulation of the labor market in crisis conditions

Análisis y prioridades de la regulación estatal del mercado laboral en condiciones de crisis

• Yurii Shpak Zhytomyr Polytechnic State University, Zhytomyr, Ukraine. http://orcid.org/0000-0003-0922-2550
• Vitaliy Davydenko Vinnytsia Institute of Economics and Social sciences of University "Ukraine", Vinnytsia, Ukraine. https://orcid.org/0000-0002-3921-5098
• Vаsyl Pasichnyk Lviv Polytechnic National University, Lviv, Ukraine. https://orcid.org/0000-0002-2447-2374
• Valentyna Zhukovska State University of Trade and Economics, Kyiv, Ukraine. https://orcid.org/0000-0001-5033-711X
• Viktoriya Ivanyuta Zhytomyr Polytechnic State University, Zhytomyr, Ukraine. https://orcid.org/0000-0002-4037-5590

DOI: https://doi.org/10.46398/cuestpol.4177.46

Keywords: state regulation, labor market, market crisis, crisis conditions, public policy

Abstract

The main objective of the study was to analyze the characteristics of state regulation of the labor market in a crisis. Structural changes in the labor market are due, among other reasons, to the transformation of public and economic relations in today’s globalized world. Increased competition, the development of the knowledge economy, information technology, changes in the content and forms of work require updating the system of labor market regulation. The research methodology of the study involved the use of cognition methods such as: induction and deduction, comparison and systematization to characterize the understanding of the essence of the addressed problem. In addition, the structure developed included a basic documentary study, together with IDEF modeling. It was concluded that the labor market is subject to market, corporate, state and interstate regulation, the combination of which depends on a number of dialectical factors that are formed as a function of time and space. On the other hand, market regulation is spontaneous, and corporate, state and interstate regulation, unlike market regulation, is rather biased and strictly regulated by specific policies.

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