Advanced Search
MyIDEAS: Login to save this article or follow this journal

Minimum Wage Institution In The Financial And Economic Crisis. Policies And Practices


Author Info

  • Valentina Vasile

    (Institute of National Economy of the Romanian Academy)


The economic and financial crisis became apparent in Romania somewhatdelayed but persists and is aggravated due to the weak sustainability of the economic growthrecorded in the last few years. The considerable diminishment of output because of reducedexports and domestic demand compression for goods and services generates new unemployedcontingents and triggers the diminishment of employees’ earnings. Additionally, thedistribution of employees on income brackets places the median under the level of the averagewage on economy and heightens incomes’ inequality. In this context, the economic and socialsignificance of the minimum wage increases from the perspective of sustaining domesticdemand and from the social one of maintaining an adequate living standard, as well. In spiteof the sizeable increase of the minimum wage during the transition period, it remains one ofthe lowest in EU and it does not exceed the minimum subsistence level. The paper presents thecrisis impact on the labour market from the viewpoint of using the minimum wage asinstrument of maintaining/stimulating domestic demand and social protection of employeesand identifies the elements of adequate policies for the crisis situation and to theparticularities of labour market and economic conditions in Romania.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL:
Download Restriction: no

Bibliographic Info

Article provided by Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia in its journal Annales Universitatis Apulensis Series Oeconomica.

Volume (Year): 2 (2009)
Issue (Month): 11 ()
Pages: 2

as in new window
Handle: RePEc:alu:journl:v:2:y:2009:i:11:p:2

Contact details of provider:

Related research

Keywords: minimum wage; financial crisis; labour market;

Find related papers by JEL classification:


References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Jante Parlevliet & Theodora Xenogiani, 2008. "Report on Informal Employment in Romania," OECD Development Centre Working Papers 271, OECD Publishing.
  2. International Monetary Fund, 2009. "Romania," IMF Staff Country Reports 09/183, International Monetary Fund.
Full references (including those not matched with items on IDEAS)


Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Claudiu George BOCEAN, 2012. "Human Resource Compensation In Time Of Crisis," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 285-292, November.


This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.


Access and download statistics


When requesting a correction, please mention this item's handle: RePEc:alu:journl:v:2:y:2009:i:11:p:2. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dan-Constantin Danuletiu).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.