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Theoretical and Applied Economics
No. 3 / 2016 (608), Autumn

Net earnings trends in the EU countries

Mădălina Ecaterina POPESCU
Bucharest Academy of Economic Studies, Romania
National Scientific Research Institute for Labour and Social Protection Bucharest, Romania
Amalia CRISTESCU
Bucharest Academy of Economic Studies, Romania
National Scientific Research Institute for Labour and Social Protection Bucharest, Romania
Larisa STĂNILĂ
National Scientific Research Institute for Labour and Social Protection Bucharest, Romania

Abstract. The purpose of this paper consists in analysing the ante- and post-crisis economic trends of the real net earnings in the EU countries by building several econometric models. A Hierarchical cluster analysis was applied in order to classify the 27 EU countries in two distinct groups, based on a set of labour market indicators. The econometric results were consistent with the economic theory and indicated that GDP growth rate, foreign direct investment, trade openness and remittances have a positive effect on earnings, while unemployment rate’s impact is negative. Several particularities were also noticed when studying the two EU country clusters. Then numerical simulation was used for a short-term prediction of earnings.

Keywords: net earnings, GDP growth rate, panel data model, European Union, simulation.

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