Theoretical and Applied Economics
No. 2 / 2015 (603), Summer
Minimum wage – labour market rigidity factor
Bucharest University of Economic Studies, Romania
Mirela Ionela ACELEANU
Bucharest University of Economic Studies, Romania
Abstract. Currently setting minimum wages is a common practice that targets economic and social aspects. This paper aims to analyse the evolution of the minimum wage in Romania compared to EU Member States and the effects that it generates on employment, labour productivity, reducing social and wage inequalities etc. Given the current concerns about the importance of labour market flexibility to be able to respond to different shocks, as the economic crisis, we evaluate the minimum wage burden as a factor of rigidity in the labour market in terms of its rise and the ratio between the minimum wage and the average wage and the perverse effects on employment.
Contents
Instruments and practices concerning the absorption and use of structural and cohesion funds in Romania
Foreign direct investment and income inequality in Central and Eastern Europe
Exports – trends and impacts on Romania’s economic growth process
Innovation and regional performance in Romania
A multidisciplinary approach of communication
The issue of “true” money in front of the BitCoin's offensive
Public choice and the social beneficiary
Stock market – economy growth nexus in an emerging country. The case of Romania
Determinants of savings in the APEC countries
The status of Romanian agriculture and some measures to take
Education and society: an institutional approach
Financial audit – feckless for economic re-launch
Empirical evidence on the Ricardian equivalence in Romania
Minimum wage – labour market rigidity factor
Regional convergence. Case of Romania
The exchange rate volatility in the Central and Eastern European Countries
A study of the impossible trinity in Romania
Governance process improvement and development by audit consolitation
Analysis of the evolution of foreign direct investment in the European Union, amid the global economic crisis
Types of international cooperation at the local level Bucharest city hall case study
Short-run determinants of the USD/PLN exchange rate and policy implications
The use of behavioral economics in promoting public policy
New paradigms imposed by the global financial crisis
Are financial audit elements and corporate governance policies solutions for the economic crisis?
The kids are alright? A note on parental satisfaction in Germany
Technological revolution, labor markets and income distribution in the knowledge economy
The effects of competition regulations on mobile telecommunication markets
National convergence policy in education. Case study Romania