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Decent Incomes in the European Union

Author

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  • Marcean Dana - Elena

Abstract

Income is one of the basic pillars of the global economic system. Whether it is salary, profit, dividend, interest rate or rent, the main purpose is to obtain an income as big as possible. Current open market economy lead to the fact that incomes considered satisfactory just a few years ago, became today insufficient. Changes in the availability of natural resources, national and international economic context, inflation, unemployment, fiscal policies, Griffen and Veblen effects and a lot of other factors of different nature determine the reducing of purchasing power of money, subjecting income to a range of pressures. The risk of poverty, exacerbated by the international economic recession, has led the international organizations to pay special attention to this macroeconomic segment.

Suggested Citation

  • Marcean Dana - Elena, 2012. "Decent Incomes in the European Union," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 219-222, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:219-222
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    More about this item

    Keywords

    work; income; risk; poverty;
    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
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J83 - Labor and Demographic Economics - - Labor Standards - - - Workers' Rights

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