MIGRATION-THEORIES, MODELS AND IMPLICATIONS ON THE LABOUR MARKET
MIGRATION-THEORIES, MODELS AND IMPLICATIONS ON THE LABOUR MARKET

Summary/Abstract: Migration is a phenomenon widely debated from the point of view of its economic, social and demographic impact. Labor migration (which is most commonly defined as the movement of persons from a country or within their own country of residence for the purpose of employment) undergoes both advantages and disadvantages, the main loss for the country of origin being the investment in human capital, because of the high-skilled labor migration also referred to as "brain drain", which is affecting the development of society in both the short term and long term. No matter if it is temporary or permanent, the phenomenon referred to "brain drain" has become an increasing part of our contemporary life. With the migration of young from the country, the state will lose the investment for their training, which reaches the value of approximately 10,000 euros for school education and approximately 13,000 for the graduates who have followed higher education. Moreover, the expenditure relating to education will be lost, together with the taxes and duties these young people would pay to the state if they will remain and work in Romania. This phenomenon has intensified and has acquired new forms, especially because of globalization, new information and communication technologies and policies promoted by developed countries. The aim of the research is to classify and study the theories underlying migration. This article also seeks to analyze the impact of migration from different theoretical perspectives (the neoclassical economic theory, the new economics of migration theory, segmented labor market theory). This classification process is particularly relevant as this theme is subjected to many theories throughout academic literature, posing challenges when choosing a single theory to describe migration due to its very dynamic nature.

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