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Development and Determination of the Minimum Wage and the Minimum Security Thresholds in Bulgaria

Author

Listed:
  • Vassil Tzanov
  • Georgi Shopov

Abstract

The study investigates the possibilities for improvement of the mechanisms for assessment of the minimum wage and the minimum security thresholds. For this reason are analyzed their development and interaction with selected macroeconomic indicators as GDP, productivity, employment, etc. An appreciation of the possible mechanisms for minimum wage determination has been done and on this basis is offered a mechanism that count for the impact and effects of the fundamental factors. The problems of the actual mechanism for minimum security thresholds setting are identified and are proposed different variants for its improvement.

Suggested Citation

  • Vassil Tzanov & Georgi Shopov, 2017. "Development and Determination of the Minimum Wage and the Minimum Security Thresholds in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 3-40.
    • Handle: RePEc:bas:econst:y:2017:i:2:p:3-40
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    Cited by:

    1. Todd J. Barry, 2020. "The push for a U.S. living wage: Modeling for inflation, unemployment, both, or neither," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 68-105,106-.

    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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