Labour Supply/Demand Analysis: Approaches and Concerns (The Case of “Finance” Graduates in Albania)

The tertiary education systems of Albania have expanded rapidly. This has had important and profound impacts on labour markets and in the way in which employers use highly educated labour. From the existing data we can say that still in 2015 we have an oversupply of graduates, which cannot be absorbed by labour market. On the other side, one cannot find the same tendency on the demand curve. Is there any possibility to match the two sides of the market? Are there figures to help decision makers think of any change in the actual education and employment policy? After extensive enquiries on literature, it’s concluded that there is no national data on demand and/or supply in the labour market in any profession in Albania. The study is mainly focused on: a) the calculation of the labour market demand for high-profile finance positions in Albania; b) calculation of the supply, defined as those majored in “Finance” at bachelor level in Albania; c) comparing the demand and supply curve. The main emphasis is put on presenting estimations of occupational mismatch for the “Finance” graduates in Albania. It concludes with some recommendations addressed to the respective target groups and other stakeholders involved in higher education sector in Albania. DOI: 10.5901/mjss.2016.v7n3p33