The Entropy of Romanian Economists into the Labour Market

The rate of unemployment for higher educated people has increased in Romania in the last few decades. The aim of this paper is to analyse survey data from master's students in Economics from some private and public universities in Bucharest. The study uses ANOVA/linear Dependent Dirichlet Process mixture model to explain the scores from these surveys. The results suggest that the causes of interview rejections for master's students are due to gender, work seniority, type of university attended, and the requirements of employers in the field. In addition, a rank ordered probit model is used to assess the importance assigned by managers to recommendations to improve university education. The results confirm the rigidities of the Romanian labour market and the necessity to design more and better internships that support policy recommendations for better school-to-work transition.