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BRAIN DRAIN TOWARD EU AND ITS IMPACT ON LABOR MARKET: ALBANIAN CASE
(2021) Tataj, Xhentila; Akbaş, Emrah
This paper analyzes the relationship that exists between human capital and the labor market. The focus of this study is the labor market in Albania. Albania, being a developing country, is facing the loss of its workforce as a result of the brain drain. The study analyzes the role of international migration policies in the management of this phenomenon. It emphasizes the role of the EU in acquiring skilled people from developing countries including Albania. It estimates that Albania has now turned into a sending country of workforce because the number of young people who have left Albania in recent years to migrate toward the EU has increased. Two of the main consequences of this phenomenon are the decrease in the workforce and the crisis in the pension system. The study also shows that despite Albania is one of the youngest middle-aged countries in Europe, brain drain has caused population decline.