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Relationships Between Wages And Employment Indicators

Author

Listed:
  • Assoc. prof. Claudiu George Bocean Ph. D

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

In recent decades, employment decreased while unemployment rose in most world economies. In the same period there was an increase in wages received by workers for their labor. The present paper work examines the influences of wages evolution on employment and unemployment. Based on the data from European Union I studied and the other types of correlations that can be established between variables which characterize HR compensation policy, employment, unemployment and economic growth. The results showed that there is not a significant correlation between the evolution of wages and evolution of employment and unemployment rates.

Suggested Citation

  • Assoc. prof. Claudiu George Bocean Ph. D, 2015. "Relationships Between Wages And Employment Indicators," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(24), pages 41-50, APRIL.
    • Handle: RePEc:aio:rteyej:v:1:y:2015:i:24:p:41-50
    as

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    References listed on IDEAS

    as
    1. Jonathan Meer & Jeremy West, 2016. "Effects of the Minimum Wage on Employment Dynamics," Journal of Human Resources, University of Wisconsin Press, vol. 51(2), pages 500-522.
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    3. Nickell, Stephen & Bell, Brian, 1996. "Changes in the Distribution of Wages and Unemployment in OECD Countries," American Economic Review, American Economic Association, vol. 86(2), pages 302-308, May.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    HR compensation; minimum wage; real wage employment; unemployment;
    All these keywords.

    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
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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