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Wage Implications at EU Level


  • Miron Dumitrescu

    () (National Institute of Economic Research - Romanian Academy, Bucharest, Romania)

  • Magda Alina Manole

    () (Academy of Economic Studies, Bucharest, Romania)

  • Luminita Leocadia Sarbu

    () (Valahia University, Targoviste, Romania)

  • Mihaela Daniela Niculescu

    () (Academy of Economic Studies, Bucharest, Romania)


In all conditions of time and space, economic activity necessarily involves active work as a determinant factor of production and beneficiary of its results. In the market economy, labor services are provided to production, as with the other factors of production, through market transactions. This article aims labor factor, the role and characteristics of labor as a production factor and the employment in the EU. As a secondary market, labor market is influenced by other markets and generates, in turn, effects that are found in all other structures of the market economy system

Suggested Citation

  • Miron Dumitrescu & Magda Alina Manole & Luminita Leocadia Sarbu & Mihaela Daniela Niculescu, 2013. "Wage Implications at EU Level," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 1(4), pages 90-98, December.
  • Handle: RePEc:hyp:journl:v:1:y:2013:i:4:p:90-98

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    More about this item


    labor market; employment activity; supply and demand;

    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
    • P25 - Economic Systems - - Socialist Systems and Transition Economies - - - Urban, Rural, and Regional Economics


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