Decent Incomes in the European Union

Marcean Dana - Elena ()

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 219-222

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.

Keywords: work; income; risk; poverty (search for similar items in EconPapers)
JEL-codes: E24 J31 J83 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:219-222

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