UNEMPLOYMENT BENEFIT, MINIMUM WAGE AND AVERAGE SALARY EARNINGS IN ROMANIA

The existence of a long-run equilibrium between average salary earnings and labour market public institutions, such as unemployment benefit and minimum wage, is checked using ARDL bounds testing procedure. The results pointed out that long-run causality runs from average salary earnings to labour market public institutions and not vice versa. The short-run dynamics are depicted as well.

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Year of publication:	2012
Authors:	ENACHE, Cosmin
Published in:	Review of Economic and Business Studies. - Facultatea de Economie şi Administrarea Afacerilor. - 2012, 10, p. 85-96
Publisher:	Facultatea de Economie şi Administrarea Afacerilor
Subject:	Salary Earnings \| Unemployment Benefit \| Minimum Wage

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Extent:	application/pdf
Type of publication:	Article
Classification:	C32 - Time-Series Models ; H53 - Government Expenditures and Welfare Programs ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc ; J65 - Unemployment Insurance; Severance Pay; Plant Closings
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010739291