Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis
Wage of both public and private sectors is a very important source of incomes for most of the population in Albania. The importance of public sector wage policy exceeds the sector's actual share of total employment, because the level of wages in this sector is, to a certain extent, a point of...
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| Format: | Article |
| Language: | English |
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EconJournals
2011-07-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/11 |
| _version_ | 1797911470089961472 |
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| author | Imelda Sejdini |
| author_facet | Imelda Sejdini |
| author_sort | Imelda Sejdini |
| collection | DOAJ |
| description |
Wage of both public and private sectors is a very important source of incomes for most of the population in Albania. The importance of public sector wage policy exceeds the sector's actual share of total employment, because the level of wages in this sector is, to a certain extent, a point of reference for wages in the private sector, too. During the first transition years the wages of a great number of the employees, whose enterprises had stopped being operational, were practically a form of social support. The data for this paper are gathered from all the surveys done on wages during transition from the public sources and the institute of statistics. From these data results that the wages have increased recurrently, first of all to counter the inflationary effects and to provide a better remuneration to the employees in both sector, despite the global financial crisis. This is due to the lack of full integration in the global markets. In this paper we discuss about the wage tendency in Albania as a country in further development, exposed to the risks of the global financial crisis, and the reaction to the difficulties encountered while the country is preparing for the EU integration.
Keywords: Wage; Financial crisis, Income
JEL Classifications: J31; G01; J33
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| first_indexed | 2024-04-10T11:41:10Z |
| format | Article |
| id | doaj.art-c56e3463276c4458b74f34275598f991 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T11:41:10Z |
| publishDate | 2011-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-c56e3463276c4458b74f34275598f9912023-02-15T16:17:32ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382011-07-0113Wage Tendency in Albania; The Reaction to the Global Economic and Financial CrisisImelda Sejdini Wage of both public and private sectors is a very important source of incomes for most of the population in Albania. The importance of public sector wage policy exceeds the sector's actual share of total employment, because the level of wages in this sector is, to a certain extent, a point of reference for wages in the private sector, too. During the first transition years the wages of a great number of the employees, whose enterprises had stopped being operational, were practically a form of social support. The data for this paper are gathered from all the surveys done on wages during transition from the public sources and the institute of statistics. From these data results that the wages have increased recurrently, first of all to counter the inflationary effects and to provide a better remuneration to the employees in both sector, despite the global financial crisis. This is due to the lack of full integration in the global markets. In this paper we discuss about the wage tendency in Albania as a country in further development, exposed to the risks of the global financial crisis, and the reaction to the difficulties encountered while the country is preparing for the EU integration. Keywords: Wage; Financial crisis, Income JEL Classifications: J31; G01; J33 https://econjournals.com/index.php/ijefi/article/view/11 |
| spellingShingle | Imelda Sejdini Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis International Journal of Economics and Financial Issues |
| title | Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis |
| title_full | Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis |
| title_fullStr | Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis |
| title_full_unstemmed | Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis |
| title_short | Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis |
| title_sort | wage tendency in albania the reaction to the global economic and financial crisis |
| url | https://econjournals.com/index.php/ijefi/article/view/11 |
| work_keys_str_mv | AT imeldasejdini wagetendencyinalbaniathereactiontotheglobaleconomicandfinancialcrisis |