 Wage correlation with consumer price index – Compensation and indexingRomanian Statistical Review Supplement, 2017, vol. 65, issue 11, 54-64 Abstract: Remuneration staff from public institutions is a priority issue for the Government. Salaries are set by law. The choice of payroll system is based on precise criteria. The problem of wage correlation with the consumer price growth index was generated by the galloping evolution of prices and the existence of a inflationary process in Romania since 1991. The concept of „base-salary compensation-indexation system” due to rising prices and tariffs was introduced by the Law no. 14/1991 on salary. Wage correlation was manifested by two methods: compensation and indexing. For the application of both correlation methods it starts from the cause, and this is common, respectively the increase of the consumer prices. Since the two methods are based on statistical indicators, it is necessary to know correctly the terms used by each method. In this article, the authors address the issue of salary, salary correlation methods, explaining the main concepts and formulas used to apply the methods. Keywords: wage; consumer price growth index; compensation; indexation; annual inflation rate; public institution (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:65:y:2017:i:11:p:54-64 Access Statistics for this article More articles in Romanian Statistical Review Supplement from Romanian Statistical Review Contact information at EDIRC. |
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