A subject of major importance in managing the public policies is represented by labour market. For that matter, the favorable evolutions of labour market in Baltic States made an argument for our analyses. Thus, in this countries labour market acts as a flexible one. Starting with the period 2000-2001 labour market is relatively stable recording an increase of the employee number, a reduction of the unemployment rate, including the structural one and a decrease of the number of jobseekers, proving that the labour force ajusted it self pretty well at the new labour market conditions. The institutional framework is less restrictive from the point of view of labour market flexibility as compared with UE15, salaries and wages are basicaly fixed by the companies according to the market mechanism, (majorily influenced by the evolution of the labour productivity and by the the rate of jobseekers), unemplyment aid is not ecessively high as compared with other EU countries, and the fiscal burden on personal income is close to the EU15 level, thus in the future the gradual increase of the minimum and average wage is not seen as being a factor of depreciation for the institutional labour market structure.
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Volume (Year): 5 (2007) Issue (Month): 3 (September) Pages: 79-84 Download reference. The following formats are available: HTML
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Handle: RePEc:cei:recind:v:5:y:2007:i:3:p:79-84
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