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Wage Implications at EU Level

Miron Dumitrescu (), Magda Alina Manole (), Luminita Leocadia Sarbu () and Mihaela Daniela Niculescu ()
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Miron Dumitrescu: National Institute of Economic Research - Romanian Academy, Bucharest, Romania
Magda Alina Manole: Academy of Economic Studies, Bucharest, Romania
Luminita Leocadia Sarbu: Valahia University, Targoviste, Romania
Mihaela Daniela Niculescu: Academy of Economic Studies, Bucharest, Romania

Hyperion Economic Journal, 2013, vol. 1, issue 4, 90-98

Abstract: In all conditions of time and space, economic activity necessarily involves active work as a determinant factor of production and beneficiary of its results. In the market economy, labor services are provided to production, as with the other factors of production, through market transactions. This article aims labor factor, the role and characteristics of labor as a production factor and the employment in the EU. As a secondary market, labor market is influenced by other markets and generates, in turn, effects that are found in all other structures of the market economy system

Keywords: labor market; employment activity; supply and demand (search for similar items in EconPapers)
JEL-codes: E24 P25 (search for similar items in EconPapers)
Date: 2013
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Handle: RePEc:hyp:journl:v:1:y:2013:i:4:p:90-98