2011
DOI: 10.5171/2011.903755
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A Fuzzy Sets Model for Companies Behaviour of Absorption Minimum Wage Shocks: An Analysis of Inflationary Risks

Abstract: The minimum wage appears to be a new challenge for emerging labor market from Romania. Is this a real problem or only a theoretical shadow of some unclear model of market economy? The authors tried to bring to light the real effects of minimum wage increases during the last decade in Romania and to identify some potential inflationary risks of this phenomenon. For that, they used some econometric test of relationships between minimum wage and average gross nominal wage, rate of employment and consumer prices i… Show more

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Cited by 4 publications
(3 citation statements)
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References 9 publications
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“…Defined as "the statutory wage established legally to guarantee to the employees from disadvantaged categories an income that corresponds to the minimum amount for subsistence determined in relation to the given social environment", the guaranteed minimum wage for payment has become a reality since the first half of the 20th century in most countries of the world [46]. In Europe, for example, most states have regulated guaranteed minimum wages after negotiations between the government and social partners [47].…”
Section: Guaranteed Wage On Labour Marketmentioning
confidence: 99%
“…Defined as "the statutory wage established legally to guarantee to the employees from disadvantaged categories an income that corresponds to the minimum amount for subsistence determined in relation to the given social environment", the guaranteed minimum wage for payment has become a reality since the first half of the 20th century in most countries of the world [46]. In Europe, for example, most states have regulated guaranteed minimum wages after negotiations between the government and social partners [47].…”
Section: Guaranteed Wage On Labour Marketmentioning
confidence: 99%
“…Defined as "The statutory wage established legally to guarantee to the employees from disadvantaged categories an income that corresponds to the minimum amount for subsistence determined in relation to the given social environment", the guaranteed minimum wage for payment has become a reality since the first half of the 20th century in most countries of the world [39]. In Europe, for example, most States have regulated guaranteed minimum wages after negotiations between the government and social partners [40].…”
Section: Guaranteed Wage On Labour Marketmentioning
confidence: 99%
“…Fuzzy models have been previously created regarding wages. In that sense, Ailenei et al [9] propose a fuzzy model to describe the behavior of companies facing increases in the minimum wage. Mobasshera et al [10] propose the use of fuzzy logic in the wage increase model.…”
Section: Introductionmentioning
confidence: 99%