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Theoretical and Applied Economics
No. 5 / 2014 (594)

Regional implications of salary in the European Union

Andreea-Monica PREDONU
Bucharest University of Economic Studies, Romania

Abstract. To have a unique labor market at the European level, must keep in mind the fact that wages in the European Union member states are very different. In industry, for example, the salary of Germany is about four times higher than that of Portugal. Therefore, the remuneration of the labor market and regulations in this area are highly diversified and, therefore, slows the progress of the single market in the European Union labor. However, the salary varies from state to state. So we divided the EU into regions and analyzed the implications of labor remuneration regional perspective. In this paper, we want to show these aspects of labor remuneration in different Member States of the European Union, taking into account mainly the minimum wage.

Keywords: labor market, the minimum wage, the average wage, European regions.

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