Abstract
The minimum wage appears to be a new challenge for emerging labor market from Romania. Is this a real problem or only a theoretical shadow of some unclear model of market economy? The authors tried to bring to light the real effects of minimum wage increases during the last decade in Romania and to identify some potential inflationary risks of this phenomenon. For that, they used some econometric test of relationships between minimum wage and average gross nominal wage, rate of employment and consumer prices index dynamics, a national survey of Romanian companies and elaborated a fuzzy sets model for companies’ behaviors for absorbing minimum wage shocks.
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