INTERNAL MIGRATION OF LABOR AS A REGULATORY MECHANISM IN THE AREA OF A SINGLE CURRENCY. THE EUROZONE AND ALBANIA

The purpose of this paper is to provide the impact of mobility labour 13 market in social and economic aspects. Labor market flexibility 14 is defined in different ways by different authors. Some define flexibility 15 as the speed at which the labor market can act as a regulatory agent in response 16 to an economic shock. Others identify flexible labor market 17 as a mechanism that helps in establishing a stable equilibrium, with a low 18 degree of structural unemployment. Increasing labor market flexibility also 19 occurs through the distribution of the labor force, between employers, 20 countries or different tasks. This can be achieved through the promotion of 21 geographical mobility of labor across regions and across borders. This article 22 makes clear how the geographical mobility of labor is a regulation mechanism 23 in the economy, which helps him adjust to economic shocks. 24