Heemskerk, Frank; Voinea, Liviu; Cojocaru, Alexandra - 2018
This paper discusses the impact of a gradual, pre-announced significant increase of the minimum wage during 2013-16 in … Romania. The main finding is that the positive effects prevail when the starting level of increase in the minimum wage is very … low and the economy is in a negative output gap. Evidence shows that employment has increased, mainly at the minimum wage …