Efficiency of Increasing of the Minimum Salary in Ukraine
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.31, No. 1)Publication Date: 2013-03-01
Authors : Belentsova J. V.;
Page : 216-220
Keywords : minimum and average salary; shadow economy; balance social and economical efficiency; labour productivity; Kaitz index;
Abstract
Substantiated that increasing of the minimum salary of employees in Ukraine will not cause mass bankruptcies, rising unemployment and inflation, but will increase the efficiency of production and the legalization of the shadow economy. Proved that as a result we can expect a significant increase in social efficiency of the national economy and achieve its balance with economic efficiency.
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