Support for Establishing a Minimum Wage-Setting Mechanism in Romania – Madalina Ecaterina POPESCU, Eva MILITARU, Dan PELE, Miruna MAZURENCU MARINESCU, Valentina VASILE, Simona ILIE, Adina MIHĂILESCU, Adela ȘERBAN

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SUPPORT FOR ESTABLISHING A MINIMUM WAGE-SETTING MECHANISM IN ROMANIA

Madalina Ecaterina POPESCU, Eva MILITARU, Dan PELE, Miruna MAZURENCU MARINESCU, Valentina VASILE, Simona ILIE, Adina MIHĂILESCU, Adela ȘERBAN

LUMEN – Copyright © 2017 – Colecția DEZVOLTARE SOCIALĂ

FORMAT: Tipărit         PAGINI: 135          LIMBA: Engleza

ISBN:  978-973-166-482-8

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Descriere:

The main purpose of this exercise consisted in providing a recommendation for a sound institutional process of minimum wage setting in Romania. The design of a transparent mechanism for minimum wage setting based on objective criteria, in order to set the grounds for evidence based dialog and decision making is a matter of extreme importance to the wage policy in Romania due to the number of employees who are affected, on one hand, and to the economic and social effects of this form of state intervention on the labour market, on the other. As a country particularity, in Romania the wage distribution is highly asymmetrical at the bottom, with more than one quarter of the employees (1.3 million persons) being paid at the minimum wage level. (Autorii)


Domenii de interes:

  • economie
  • salar minim garantat
  • variabile macroeconomice

CUPRINS


EXECUTIVE SUMMARY (pp 5-12)

CHAPTER I (pp. 13-44) – Analysis of best practices regarding the mechanism for establishing the national guaranteed gross minimum wage in other countries of the European Union and the OECD

Introduction; Minimum wage: aim and ILO standards; General overview of the minimum wage mechanisms in the European Union and some OECD countries; Case studies of minimum wage systems in the EU; Criteria for the minimum wage indexation mechanisms; Conclusions and recommendations for the case of Romania.

CHAPTER II (pp. 45-58) – Designing the mechanism and the monitoring evaluation system for the proposed one

Reasons for implementing a minimum wage setting mechanism in Romania. Economic and social determinants; Minimum wage setting mechanism for Romania. Design and limits.

CHAPTER III (pp. 59-78) – Designing the criteria to adjust the minimum wage and the alternative scenarios to support the mechanism

Methodological specifications; Social criterion – needs of employees and their families; The economic criterion; Proposed scenarios.

CHAPTER IV (pp. 79-114) – Measuring the ex-ante and ex-post economic and social effects of the minimum wage adjustment

Impact assessment of minimum wage increases on poverty and income distribution; Impact assessment of minimum wage increases on macroeconomic variables; Impact assessment of minimum wage increases on firms‘ performances; Summary of the impact assessment results.

CHAPTER V (pp. 115-118) – Conclusions

REFERENCES  (pp. 119-122)

ANNEX 1 (pp. 123-124) – Socio-economic indicators for the European Union countries – year 2013

ANNEX 2A (pp. 125-126) – Potential indicators for minimum wage setting criteria

ANNEX 2B (pp. 127-128) – Potential indicators for impact assessment of minimum wage increase

ANNEX 3 (pp. 129-135) – Output estimations for macroeconomic impact assessment

ANNEX 4 (p. 136) – Questionnaire


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