Title Minimaliojo darbo užmokesčio ir makroekonominių rodiklių sąsajos Europos Sąjungoje /
Translation of Title The linkages between minimum wage and macroeconomic indicators in the European Union.
Authors Mačerinskaitė, Rimgailė ; Kėdaitis, Vytautas ; Baležentis, Tomas
DOI 10.15544/mts.2016.4
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Is Part of Vadybos mokslas ir studijos - kaimo verslų ir jų infrastruktūros plėtrai = Management theory and studies for rural business and infrastructure development: mokslo žurnalas / Aleksandro Stulginskio universitetas, Lietuvos agrarinės ekonomikos institutas.. Kaunas : Lietuvos agrarinės ekonomikos institutas. 2016, Vol. 38, No. 1, p. 36-47.. ISSN 1822-6760. eISSN 2345-0355
Keywords [eng] minimum wage ; European Union ; correspondence analysis
Abstract [eng] The regulation of the minimum wage (MW) constitutes an important measure of state’s social and economic policy. The effectiveness of its implementation is highly dependent upon the socioeconomic situation. The research aims to identify the linkages and patterns of MW and macroeconomic indicators across the European Union (EU) Member States by the means of the multiple correspondence analysis. The following tasks are therefore set: 1) to describe the theoretical preliminaries for MW regulation and their manifestations in the EU; 2) to establish a multiple correspondence analysis model for revealing the linkages between MW and macroeconomic indicators; 3) to identify the linkages between MW and macroeconomic indicators in the EU Member States. The research period spans over 2007–2013, thereby encompassing both economic recession and growth. Application of the multiple correspondence analysis showed that MW is strongly related to macroeconomic indicators of the EU Member States. These linkages remained rather stable throughout the research period thus indicating that the level of MW should be adjusted with regards to the overall economic situation. Otherwise, the regulation of MW might induce an increase in unemployment.
Published Kaunas : Lietuvos agrarinės ekonomikos institutas
Type Journal article
Language Lithuanian
Publication date 2016