Determinants of earnings in Macedonia: assessing the difference between low-paid and highly-paid employees

Nikoloski, Dimitar and Angeleski, Marjan and Rocheska, Slavica (2018) Determinants of earnings in Macedonia: assessing the difference between low-paid and highly-paid employees. Eastern Journal of European Studies, 9 (1). pp. 111-131. ISSN 2068-6633

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Abstract

The problem of ‘low-pay’ as a relatively new social phenomenon in Europe has received considerable attention over the past 20 years. The analysis of the low-pay in low income countries, where the average earning is already low by international standards is more complex and represents a challenging task. The stylised facts show that earnings are not uniform across the population, but they vary according to a number of socio-economic and demographic characteristics. The aim of this paper is to assess the earning function of employed workers in Macedonia by paying attention to the difference between low-paid and highly-paid employees. For this purpose, we estimate Mincer type model that explains wage income as a function of education, experience and other employee- and job-specific characteristics. As a result, we come up with a clear picture of the earnings determinants and we formulate appropriate policy recommendations.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 05 Dec 2019 21:44
Last Modified: 05 Dec 2019 21:44
URI: http://eprints.uklo.edu.mk/id/eprint/2128

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