About this paper

Appears in:
Pages: 7610-7618
Publication year: 2012
ISBN: 978-84-695-3491-5
ISSN: 2340-1117

Conference name: 4th International Conference on Education and New Learning Technologies
Dates: 2-4 July, 2012
Location: Barcelona, Spain

THE INFLUENCE OF THE MINIMUM WAGE ON EDUCATION AND TRAINING IN EU. SOME EMPIRICAL EVIDENCES FROM ROMANIA VS UE

D.E. Marinescu1, I. Manafi1, D. Marin2

1Bucharest Academy of Economic Studies (ROMANIA)
2George Baritiu University (ROMANIA)
The theory of human capital suggests that minimum wage should have important adverse effects on human capital accumulations. In the standard theory a great part of this capital accumulates on job and often the employees finances this investment obtaining a lower wage level.
Also, relevant literature hosts a wide debate on how minimum wage influences training and lifelong learning. To test this influence and to determine which countries benefit from the highest job satisfaction and job security, we have considered the European Union countries which have regulated minimum wage levels (i.e. Belgium, Bulgaria, the Czech Republic, Estonia, Ireland, Greece, Spain, France, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Poland, Portugal, Romania, Slovenia, Slovakia, and the United Kingdom). Using some rates as GDP, minimum wage, lifelong learning and unemployment we group the EU countries.
The first cluster includes the countries having a minimum wage above the EU average, a low unemployment rate, a GDP per capita at purchasing power parity greater than the EU average, and an average working time below the EU average. These countries are: Belgium, Ireland, France, Luxembourg, the Netherlands and the United Kingdom.
The second cluster groups countries with the lowest minimum wage levels but with the highest number of working hours per week. These are: Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Poland and Romania. The remaining countries - Greece, Spain, Malta, Portugal, and Slovenia – form the third cluster.

JEL Codes: E24, D21, C82
@InProceedings{MARINESCU2012INF,
author = {Marinescu, D.E. and Manafi, I. and Marin, D.},
title = {THE INFLUENCE OF THE MINIMUM WAGE ON EDUCATION AND TRAINING IN EU. SOME EMPIRICAL EVIDENCES FROM ROMANIA VS UE},
series = {4th International Conference on Education and New Learning Technologies},
booktitle = {EDULEARN12 Proceedings},
isbn = {978-84-695-3491-5},
issn = {2340-1117},
publisher = {IATED},
location = {Barcelona, Spain},
month = {2-4 July, 2012},
year = {2012},
pages = {7610-7618}}
TY - CONF
AU - D.E. Marinescu AU - I. Manafi AU - D. Marin
TI - THE INFLUENCE OF THE MINIMUM WAGE ON EDUCATION AND TRAINING IN EU. SOME EMPIRICAL EVIDENCES FROM ROMANIA VS UE
SN - 978-84-695-3491-5/2340-1117
PY - 2012
Y1 - 2-4 July, 2012
CI - Barcelona, Spain
JO - 4th International Conference on Education and New Learning Technologies
JA - EDULEARN12 Proceedings
SP - 7610
EP - 7618
ER -
D.E. Marinescu, I. Manafi, D. Marin (2012) THE INFLUENCE OF THE MINIMUM WAGE ON EDUCATION AND TRAINING IN EU. SOME EMPIRICAL EVIDENCES FROM ROMANIA VS UE, EDULEARN12 Proceedings, pp. 7610-7618.
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