LABOUR MARKET DYNAMICS – YOUTH MIGRATION FROM SERBIA

Human capital is the ultimate resource of the twenty-first century. The new generations of labour force often possess competences highly valued at the labour market (IT skills, flexibility, innovation, risk taking, etc). Developed countries generally have a compelling demand for skilled labour due to shortages on their labour markets. Therefore, the movement of skilled workers outlines one of the most outstanding features of current patterns of international migration. From the second half of 20th century Serbia is well known for labour migration processes. Nowadays the phenomenon of brain drain is widespread, as significant number of highly educated, competent and innovative young people leave Serbia. Among the Serbian juvenility there is a strong desire to emigrate. The main factors influencing the decision about leaving the home country are economic factors and the quality of life. Factors which effect the decision to stay are social-emotional factors, solved housing, patriotism and sense of belonging. Youth migration have serious negative effects on the home country – it means a financial loss due to the investment in education, deficit of skilled labour force, depopulation etc. The aim of this paper is to give a literature review on the youth migration and to analyse the attitudes of young people about moving and working abroad based on field studies realized in Serbia in 2018 and 2023.