IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES
The paper is a translation of the article published in issue no. 35 (2007) of Financial Studies. The concept of “quality of life” includes its most important component, the “standard of living”. Ensuring a decent standard of living depends on the level of society development quantified in the GDP a...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
“Victor Slăvescu” Centre for Financial and Monetary Research
2013-03-01
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| Series: | Financial Studies |
| Subjects: | |
| Online Access: | http://fs.icfm.ro/7_IMPACTOFTHEFISCALPOLICIESONTHESTANDARDOFLIVINGOFTHEEMPLOYEES.pdf |
| _version_ | 1797764082671026176 |
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| author | PhD Elena PĂDUREAN PhD Ionel LEONIDA |
| author_facet | PhD Elena PĂDUREAN PhD Ionel LEONIDA |
| author_sort | PhD Elena PĂDUREAN |
| collection | DOAJ |
| description | The paper is a translation of the article published in issue no. 35 (2007) of Financial Studies. The concept of “quality of life” includes its most important component, the “standard of living”. Ensuring a decent standard of living depends on the level
of society development quantified in the GDP and in the manner of its allocation. The impact of fiscality on the standard of living can be best perceived on the occupied population, which is taxed, the employees representing the most relevant category. This is supported by the figures on the proportion of employees within the total occupied population (over 50%) in 2003 amounting to 56.04%. The analysis of the income from wages in 1990 – 2005 yielded the following conclusions:
- In 1992-1994, the real gross average income decreased, while in 1994-
1996 it increased. This had no influence on the proportion of wages tax collection, which increased continuously, which increased the fiscal pressure on the work;
- In 1996-2000, the real gross average income decreased dramatically due to the peak inflation of that period, which eroded all earnings;
- In 2000-2004, the increase resumed, both of the real gross
average income, and of the fiscal pressure on it;
- The lowest fiscal pressure felt by the employees was in 1998 and 1999.
This evolution shows that a fiscal relaxation was attempted in 1998 and 1999, but it was not supported by the available resources, which caused a boom of the fiscal pressure during the subsequent period. |
| first_indexed | 2024-03-12T19:51:38Z |
| format | Article |
| id | doaj.art-05bb4eb25d1f45dcb9bfcd49ef818987 |
| institution | Directory Open Access Journal |
| issn | 2066-6071 2066-6071 |
| language | English |
| last_indexed | 2024-03-12T19:51:38Z |
| publishDate | 2013-03-01 |
| publisher | “Victor Slăvescu” Centre for Financial and Monetary Research |
| record_format | Article |
| series | Financial Studies |
| spelling | doaj.art-05bb4eb25d1f45dcb9bfcd49ef8189872023-08-02T03:07:24Zeng“Victor Slăvescu” Centre for Financial and Monetary ResearchFinancial Studies2066-60712066-60712013-03-011715867IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEESPhD Elena PĂDUREAN0PhD Ionel LEONIDA1“Victor Slăvescu” Centre for Financial and Monetary Research“Victor Slăvescu” Centre for Financial and Monetary ResearchThe paper is a translation of the article published in issue no. 35 (2007) of Financial Studies. The concept of “quality of life” includes its most important component, the “standard of living”. Ensuring a decent standard of living depends on the level of society development quantified in the GDP and in the manner of its allocation. The impact of fiscality on the standard of living can be best perceived on the occupied population, which is taxed, the employees representing the most relevant category. This is supported by the figures on the proportion of employees within the total occupied population (over 50%) in 2003 amounting to 56.04%. The analysis of the income from wages in 1990 – 2005 yielded the following conclusions: - In 1992-1994, the real gross average income decreased, while in 1994- 1996 it increased. This had no influence on the proportion of wages tax collection, which increased continuously, which increased the fiscal pressure on the work; - In 1996-2000, the real gross average income decreased dramatically due to the peak inflation of that period, which eroded all earnings; - In 2000-2004, the increase resumed, both of the real gross average income, and of the fiscal pressure on it; - The lowest fiscal pressure felt by the employees was in 1998 and 1999. This evolution shows that a fiscal relaxation was attempted in 1998 and 1999, but it was not supported by the available resources, which caused a boom of the fiscal pressure during the subsequent period.http://fs.icfm.ro/7_IMPACTOFTHEFISCALPOLICIESONTHESTANDARDOFLIVINGOFTHEEMPLOYEES.pdffiscal policynet incomegross income |
| spellingShingle | PhD Elena PĂDUREAN PhD Ionel LEONIDA IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES Financial Studies fiscal policy net income gross income |
| title | IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES |
| title_full | IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES |
| title_fullStr | IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES |
| title_full_unstemmed | IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES |
| title_short | IMPACT OF THE FISCAL POLICIES ON THE STANDARD OF LIVING OF THE EMPLOYEES |
| title_sort | impact of the fiscal policies on the standard of living of the employees |
| topic | fiscal policy net income gross income |
| url | http://fs.icfm.ro/7_IMPACTOFTHEFISCALPOLICIESONTHESTANDARDOFLIVINGOFTHEEMPLOYEES.pdf |
| work_keys_str_mv | AT phdelenapadurean impactofthefiscalpoliciesonthestandardoflivingoftheemployees AT phdionelleonida impactofthefiscalpoliciesonthestandardoflivingoftheemployees |