UNEMPLOYMENT BENEFIT, MINIMUM WAGE AND AVERAGE SALARY EARNINGS IN ROMANIA

Cosmin Enache ()

Review of Economic and Business Studies, 2012, issue 10, 85-96

Abstract: 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.

Keywords: Salary Earnings; Unemployment Benefit; Minimum Wage (search for similar items in EconPapers)
JEL-codes: C32 H53 J31 J65 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2012:i:10:enachec

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