“…The labor market reactions are caused by specifics of the region and show strong polarization, especially in the post-crisis periods (Beyer and Stemmer, 2016). In the long run, the demographic distribution (Otoiu, 2017), education system development ( Jez, 2015;Amaral et al, 2015), population age structure (Batyra et al, 2016;Anghelache et al, 2016), social norm preferences to work (Zweig, 2015;Balleer et al, 2014) are the important factors influencing the labor market. The deviation in aggregate labor force participation for different countries is partly resulted by differences in the labor participation of women that is considerably distinctive for developed countries (Brenke, 2015;Johnson, 2014;Mishra and Smyth, 2010) and developing countries (Husain, 2016;Hare, 2016;Tam, 2011).…”