PRODUCTIVITY OF LABOR ORIENTED WAGE POLICY Cover Image

Ориентирана към производителността на труда политика на заплатите
PRODUCTIVITY OF LABOR ORIENTED WAGE POLICY

Author(s): Georgi Chobanov
Subject(s): Economy
Published by: Софийски университет »Св. Климент Охридски«
Keywords: productivity; wage policy; guide lines; limitations; employers; employees; government

Summary/Abstract: Main objective of productivity oriented wage policy is the achievement of full employment with price stability preserved. The basic principle of productivity oriented wage policy states that wage has to be increased in the same rate as productivity of labor increases. In this case, increase of wages can not cause inflation. For practical implementation of productivity oriented wage policy limitation guide lines are introduced. Guide lines are designed for employers, employees and government as limitations in their agreements. At labor market they concern changes in wages, social security, working time etc., at public goods market they are for public expenditure, taxes, social costs, at money market limitations on monetary base are imposed

  • Issue Year: 10/2012
  • Issue No: 1
  • Page Range: 251-279
  • Page Count: 29
  • Language: Bulgarian