Socio-economic factors in labour market regulation

Abstract

In the current economic literature, there is a lack of research on the labour markets of developing countries in Central Asia. This study offers both statistical and theoretical analyses of the labour markets of Kazakhstan and Kyrgyzstan. We aim to identify the main socio-economic factors that influence the labour markets in Kyrgyzstan and Kazakhstan. The article provides an overview of the current situation in the labour market and describes positive and negative trends there. This analysis reveals the factors to address challenges in the labour markets and the economy. The article is likely to be useful for understanding these markets in order to formulate public policies.