Wage Dynamics in Bulgaria: Co-movement and Causality
Hristina Manolova and
Bulgarian Economic Papers from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski
Motivated by recent debates on the possible role of wages as an income policy tool, in this study we examine the dynamic inter-relationship between wages in Bulgaria, mainly in the context of its EU accession. Relative to the WDN studies on the other EU member states, the novelty in this paper is the inclusion of the minimum wage as a possible conditional determinant of the other two wages. We demonstrate that minimum wage increases do not cause changes in average wages in either the government or the private sector. Using variety of econometric tests, we also demonstrate the leadership of private sector wage over public compensation and recommend the implementation of policy measures aimed at labor productivity growth.
Keywords: public sector wages; private sector wages; minimum wages; causality (search for similar items in EconPapers)
JEL-codes: C32 E62 J3 J4 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2017-09, Revised 2017-09
New Economics Papers: this item is included in nep-lma, nep-mac and nep-tra
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.uni-sofia.bg/index.php/eng/content/dow ... file/BEP-2017-08.pdf First version, 2017 (application/pdf)
Journal Article: Wage Dynamics and Bulgaria Co-Movement and Causality (2019)
Journal Article: Wage Dynamics and Bulgaria: Co-movement and Causality (2019)
Working Paper: Wage Dynamics in Bulgaria: Co-movement and Causality (2017)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sko:wpaper:bep-2017-08
Access Statistics for this paper
More papers in Bulgarian Economic Papers from Faculty of Economics and Business Administration, Sofia University St Kliment Ohridski - Bulgaria // Center for Economic Theories and Policies at Sofia University St Kliment Ohridski Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Teodor Sedlarski ().