| Abstract [eng] |
The main purpose of this master thesis is to determine the the concept of wages and labour productivity, examine the effect of labour productivity on wage levels and to perform analysis of changes in wages and labour productivity. In Master‘s final work the changes of wage and labour productivity in the Baltic states countries are analysed. The work consists of three main parts; the analysis of literature, the research and its results, conclusion and recommendations. In theoretic part Lithuania’s and foreign countries’ science articles about relationship of wage and labour productivity are analyzed. Also master thesis is aimed to find out the economic and social indicators that influence the changes of average wages in the Baltic States. The concept of wage related taxes were analyzed in theoretical part of this work. Moreover, scientific research of wages and salaries, economic and social factors that affect wages were distinguished and analyzed. So the theoretical and methodological part of the work can be regarded as a basis of further research. In Empiric part there are analyses of 2010-2017 years data about average gross wage and value added per person employed, performed analysis of indicators change. Also, in this work there has been revealed connection between wage and labour productivity in aggregate Baltic states. Also in the practical part the economic and social indicators that influence the average wage level in the Baltic States are distinguished by a linear and multiply correlation analysis. During the research linear equations were revealed. These equations can be used for forecasting changes of average wages in each country. The analysis of the average wages showed that the highest gross and net wages are in Estonia. Also in this country is the smallest gap between gross and net average wages. In the Baltic States, the link between average gross earnings and labor productivity is very strong. Examination of the average gross wages and productivity, it is noted that they are linked by a direct link. In the case of the Baltic States, the correlation is statistically significant between average wages and GDP per capital, unemployment and inflation. These variables influence average wage developments. |
