Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/184664 
Year of Publication: 
2019
Citation: 
[Journal:] South-Eastern Europe Journal of Economics [ISSN:] 1792-3115 [Volume:] 17 [Issue:] 1 [Publisher:] Association of Economic Universities of South and Eastern Europe and the Black Sea Region(ASECU) [Place:] Thessaloniki [Year:] 2019 [Pages:] 91-127
Publisher: 
Association of Economic Universities of South and Eastern Europe and the Black Sea Region(ASECU), Thessaloniki
Abstract: 
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.
Subjects: 
public sector wages
private sector wages
minimum wages
causality
JEL: 
E62
J3
C32
J4
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)
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