ISET

ISET Economist Blog

A blog about economics in the South Caucasus by ISET
Apr
19

Bread Should Be Baked By the Baker!

"Sixty-Eight Million Dollars Were Given for Colleges Last Year: – if  the Mania for College Education Continues We May Soon Expect the Above State of Affairs" American and Western European visitors to Georgia are fascinated by the fact that middle-aged Georgian taxi drivers often brandish a couple of engineering degrees, while young hotel receptionists and shop assistants frequently come with law, business and international relations education. Having spent a couple of days in Tbilisi, visitors may come to imagine that Georgia is so abundant in huma...
Rate this blog entry:
Continue reading
2166
4 Comments
Write a Comment
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...
Rate this blog entry:
Continue reading
553
0 Comments
Write a Comment
Jul
11

Overworked and Underpaid

WORKING OVERTIME…  In 2014, 22% of the Georgia’s working adults reported having worked more than 40 hour per week, i.e. working overtime. This many not sound like a lot, but, as any average figure, it hides a great deal of geographic variation in the incidence of overtime work. Very few people work overtime in places where there are almost no jobs, such as Kakheti or Racha. Conversely, more than 50% work over 8 hours/day in the dynamically developing Tbilisi, and as many as 44% in the adjacent Kvemo Kartli.  With so many people doing it, ...
Rate this blog entry:
Continue reading
1976
1 Comment
Write a Comment
Apr
25

Are Working Women Happy Women? View from the Greater Caucasus

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence” – Aristotle WHY STUDY HAPPINESS? Already in ancient times philosophers debated the nature of happiness and the recipes for a happy and fulfilling life. Today this question is also hotly debated by scientists and politicians, who are particularly interested in what can be done to increase the happiness of their voters (and citizens, more generally). Happiness has become so important nowadays that four countries: Bhutan, Ecuador, UAE and Venezuela went so...
Rate this blog entry:
Continue reading
1496
15 Comments
Write a Comment
Feb
06

New Labor Migration Law – Homemade Explosive Device in the Making

LEGISLATING GEORGIA’S WAY INTO THE EUROPEAN COMMUNITY – LESSONS FROM RECENT HISTORY On September 1, 2014, the Georgian society woke up to a very unpleasant reality – after years of extremely welcoming visa regime which put the country on the map as an attractive tourist and foreign direct investment destination, a new migration law regulating foreigners admission and stay in Georgia came into effect. Business owners, foreign students, employees of large and small companies, and even residents of Georgia’s border areas found themselves in a very uncertain...
Rate this blog entry:
Continue reading
2344
8 Comments
Write a Comment
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...
Rate this blog entry:
Continue reading
1704
7 Comments
Write a Comment

Our Partners