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Support for Establishing a Minimum Wage-Setting Mechanism in Romania

Author

Listed:
  • Madalina Ecaterina POPESCU

    (The National Scientific Research Institute for Labour and Social Protection)

  • Eva MILITARU

    (The National Scientific Research Institute for Labour and Social Protection)

  • Dan PELE

    (The Bucharest University of Economic Studies)

  • Miruna MAZURENCU MARINESCU

    (The Bucharest University of Economic Studies)

  • Valentina VASILE

    (The Institute of National Economy – The Romanian Academy)

  • Simona ILIE

    (The Research Institute for Quality of Life – The Romanian Academy)

  • Adina MIHĂILESCU

    (The Research Institute for Quality of Life – The Romanian Academy)

  • Adela ȘERBAN

    (The Institute of Sociology –The Romanian Academy)

Abstract

The main purpose of this exercise consisted in providing a recommendation for a sound institutional process of minimum wage setting in Romania. The design of a transparent mechanism for minimum wage setting based on objective criteria, in order to set the grounds for evidence based dialog and decision making is a matter of extreme importance to the wage policy in Romania due to the number of employees who are affected, on one hand, and to the economic and social effects of this form of state intervention on the labour market, on the other. As a country particularity, in Romania the wage distribution is highly asymmetrical at the bottom, with more than one quarter of the employees (1.3 million persons) being paid at the minimum wage level. (Autorii)

Suggested Citation

  • Madalina Ecaterina POPESCU & Eva MILITARU & Dan PELE & Miruna MAZURENCU MARINESCU & Valentina VASILE & Simona ILIE & Adina MIHĂILESCU & Adela ȘERBAN, 2017. "Support for Establishing a Minimum Wage-Setting Mechanism in Romania," Books of Marketing and Economy, Editura Lumen, Department of Economics, edition 1, volume 1, number 09, October.
    • Handle: RePEc:lum:bookmk:09
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    Citations

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    Cited by:

    1. Florin Ioan Scortescu, 2020. "Considerations Relating to Specific Inherent Risk and Control Risk," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 26, pages 200-207, December.
    2. Eva Militaru & Madalina Ecaterina Popescu & Amalia Cristescu & Maria Denisa Vasilescu, 2019. "Assessing Minimum Wage Policy Implications upon Income Inequalities. The Case of Romania," Sustainability, MDPI, vol. 11(9), pages 1-20, May.
    3. Amela Kurta & Nermin Oruč, 2020. "The Effect Of Increasing The Minimum Wage On Poverty And Inequality In Bosnia And Herzegovina," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 65(226), pages 121-138, July – Se.
    4. Florin Ioan Scortescu & Gheorghe Scortescu, 2020. "With Regard to the Price Differences Registrated in Finite Products and Agricultural Products," Anuarul Universitatii „Petre Andrei” din Iasi / Year-Book „Petre Andrei” University from Iasi, Fascicula: Drept, Stiinte Economice, Stiinte Politice / Fascicle: Law, Economic Sciences, Political Scien, Editura Lumen, Department of Economics, vol. 26, pages 187-199, December.
    5. Madalina Ecaterina POPESCU & Amalia CRISTESCU & Ana-Maria GATEA, 2020. "CHALLENGES FOR THE ROMANIAN SMEs ON THE LABOUR MARKET," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 497-505, November.

    More about this item

    Keywords

    Support; Establishing; Minimum; Wage-Setting; Mechanism; Romania;
    All these keywords.

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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