IDEAS home Printed from https://ideas.repec.org/a/bjz/ajisjr/694.html

Real Wages Versus Nominal Wages in the Albanian Economy

Author

Listed:
  • Imelda Sejdini
  • Ina Sejdini

Abstract

Nominal wages and real wages differ depending on the place and country. They are affected by many factors such as purchasing power of money, additional benefits received, working hours, job security, nature of employment, future prospects, social view of the job and cost of training. Our analysis is focused on real and nominal wages and factors that have an impact on this wages, in the Albanian economy. In this paper, we are going to analyze the change of average monthly wage in the last ten years in Albania, the change of CPI during the same period of time and the real wage growth impact in the Albanian economy, according to administrative data gained from official sources of information. As the levels of the real wage and employment are determined by labor market equilibrium, our analyzes comes with some valuable conclusions about the importance of strong labor market policies of the Albanian government, in order to help the working force to reach a decent standard of living. Interesting implications are explored for economist and policy makers, in order to assess the impact of unadjusted remuneration in the Albanian economy.

Suggested Citation

  • Imelda Sejdini & Ina Sejdini, 2014. "Real Wages Versus Nominal Wages in the Albanian Economy," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 3, June.
    • Handle: RePEc:bjz:ajisjr:694
    DOI: 10.5901/ajis.2014.v3n2p183
    as

    Download full text from publisher

    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/2964
    Download Restriction: no
    File URL: https://www.richtmann.org/journal/index.php/ajis/article/view/2964/2924
    Download Restriction: no
    File URL: https://libkey.io/10.5901/ajis.2014.v3n2p183?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gary Fields & Ravi Kanbur, 2007. "Minimum wages and poverty with income-sharing," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 5(2), pages 135-147, August.
    2. Bils, Mark J, 1985. "Real Wages over the Business Cycle: Evidence from Panel Data," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 666-689, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Démurger, Sylvie & Lin, Carl & Schmillen, Achim & Wang, Dewen, 2026. "Falling into poverty or escaping from it? The effect of the minimum wage in urban China," World Development, Elsevier, vol. 198(C).
    2. Pedro S. Martins, 2007. "Heterogeneity In Real Wage Cyclicality," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(5), pages 684-698, November.
    3. Costain, James S. & Reiter, Michael, 2008. "Business cycles, unemployment insurance, and the calibration of matching models," Journal of Economic Dynamics and Control, Elsevier, vol. 32(4), pages 1120-1155, April.
    4. Goto, Hideaki, "undated". "Labor Market Competitiveness and Poverty," Working Papers 51159, Cornell University, Department of Applied Economics and Management.
    5. W. Bentley MacLeod, 2006. "Reputations, Relationships and the Enforcement of Incomplete Contracts," CESifo Working Paper Series 1730, CESifo.
    6. World Bank, 2005. "Labor Market Adjustment, Reform and Productivity in Colombia : What are the Factors that Matter? Volume 2 : Technical Report," World Bank Publications - Reports 8406, The World Bank Group.
    7. Frimmel, Wolfgang & Horvath, Thomas & Schnalzenberger, Mario & Winter-Ebmer, Rudolf, 2018. "Seniority wages and the role of firms in retirement," Journal of Public Economics, Elsevier, vol. 164(C), pages 19-32.
    8. Fei Peng & W. Stanley Siebert, 2008. "Real Wage Cyclicality in Italy," LABOUR, CEIS, vol. 22(4), pages 569-591, December.
    9. James Hines & Hilary Hoynes & Alan Krueger, 2001. "Another Look at Whether a Rising Tide Lifts All Boats," Working Papers 833, Princeton University, Department of Economics, Industrial Relations Section..
    10. Pierre-Andre Chiappori & Bernard Salanie & Julie Valentin, 1999. "Early Starters versus Late Beginners," Journal of Political Economy, University of Chicago Press, vol. 107(4), pages 731-760, August.
    11. Lucas Ronconi & Ravi Kanbur & Santiago López-Cariboni, 2019. "Who demands labour (de)regulation in the developing world?: Insider-outsider theory revisited," WIDER Working Paper Series wp-2019-90, World Institute for Development Economic Research (UNU-WIDER).
    12. Sungbae An & Yongsung Chang & Sun-Bin Kim, 2009. "Can a Representative-Agent Model Represent a Heterogeneous-Agent Economy," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(2), pages 29-54, July.
    13. Cynthia Doniger, 2019. "Do Greasy Wheels Curb Inequality?," 2019 Meeting Papers 1163, Society for Economic Dynamics.
    14. Cyrus Farsian, 2011. "The Fallacy of Composition Bias in the RealWage Cyclicality Puzzle," Studies in Economics 1116, School of Economics, University of Kent.
    15. Leena Rudanko, 2008. "Aggregate and Idiosyncratic Risk in a Frictional Labor Market," Boston University - Department of Economics - Working Papers Series wp2008-009, Boston University - Department of Economics.
    16. Robert J. Shiller & Ryan Schneider, 1998. "Labor Income Indices Designed For Use In Contracts Promoting Income Risk Management," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 44(2), pages 163-182, June.
    17. Daniel Schäfer & Carl Singleton, 2020. "Nominal Wage Adjustments and the Composition of Pay: New Evidence from Payroll Data," Economics working papers 2020-11, Department of Economics, Johannes Kepler University Linz, Austria.
    18. Andrew Snell & Heiko Stuber & Jonathan Thomas, 2018. "Downward Real Wage Rigidity and Equal Treatment Wage Contracts: Theory and Evidence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 30, pages 265-284, October.
    19. Lokshin, Boris & Mohnen, Pierre, 2008. "Wage effects of R&D tax incentives:Evidence from the Netherlands," MERIT Working Papers 2008-034, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    20. Lydon, Reamonn & Lozej, Matija, 2018. "Flexibility of new hires’ earnings in Ireland," Labour Economics, Elsevier, vol. 53(C), pages 112-127.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bjz:ajisjr:694. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Richtmann Publishing Ltd (email available below). General contact details of provider: https://www.richtmann.org/journal/index.php/ajis .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.