LABOR MARKET REGULATION MECHANISM: METHODOLOGICAL BASES OF FORMATION AND EFFICIENCY EVALUATION

Abstract

The current state of the labor market is in crisis, threatening Ukraine’s national security, producing labor poverty, reducing economic activity of the working population and expanding economically forced labor, population stratification, imbalance between the labor market and the market of educational services, and, consequently, declining quality of labor potential and motivation for productive activity. All this in the near future will not only become the main negative factor on the path of economic growth, but will grow into a large-scale threat to the national interests of Ukraine. The modern mechanism of labor market regulation is a combination of the market mechanism of self-regulation of economic processes and the institutional mechanism of regulation based on the activity of labor market infrastructure institutions. This approach involves the development of specific mechanisms and levers of the labor market regulation system. Measures to regulate the labor market should be based on ensuring economic growth, balancing the labor market, ensuring a fair distribution of labor results and increasing the level of labor capitalization, increasing production efficiency and labor productivity.