ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Mar
25

Beyond Political Slogans: Better Analysis for Better Labor Market Policies

The labor market is always a hot topic in our country, and debate about it usually overheats as elections approach. Referring to unsatisfactory labor market indicators is always a good way to emphasize the mistakes and/or the inertia of the ruling parties. Another common way to score points is making pre-election promises of increased future employment. One way or another, parties always promise and voters always believe their promises (including unrealistic ones). The only thing which does not seem to be affected is labor market, possibly because behind...
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May
29

Universal Basic Income – a Utopian Dream that May Soon Become a Reality

Early next month, the eyes of the world will briefly turn to Switzerland. On June 5th, the citizens of this prosperous country will vote in an unprecedented referendum on the idea of guaranteeing each citizen a basic income equivalent to roughly 30,000 USD per year. At first, the idea may sound completely crazy – after all, if a basic level of income is guaranteed for everyone, why would people want to work or study to acquire a profession? Wouldn’t the entire system collapse when economic activity stops and sources of income dry up? The opinion pol...
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Nov
28

Career Guidance for Unemployed Georgians

One of the most puzzling aspects of the Georgian labor market is what is known as the “qualification mismatch”. While unemployment is high, many positions remain vacant due to a lack of qualified applicants. There is plenty of casual evidence that there is such a mismatch. Recently, a World Bank delegation we hosted at ISET reported about a meeting they had with Georgian entrepreneurs. One of those businessmen, active in the construction sector, was bringing welders from Turkey to Tbilisi, paying them extraordinarily high salaries (Turkish wage level plu...
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