Wages

International Internet Magazine. Baltic States news & analytics Saturday, 21.09.2019, 08:13

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Wage increases result in higher prices: Empirical investigation

Wage increases result in higher prices: Empirical investigation

18.09.2019

Labour costs are one of the main factors affecting consumer prices of goods and services, according to our recent research*. When the average wage increases by 10%, the consumer price level in Latvia rises by 3% in the medium term; moreover, three fourths of the pass-through take place during the first year after the wage rise.

Keyword tags: Analytics, Economics, Financial Services, Latvia, Wages



Estonian academic trade unions to hold demonstrations to support greater research funding

Estonian academic trade unions to hold demonstrations to support greater research funding

18.09.2019

Academic trade unions in Estonia are to hold demonstrations in support of increased funding of higher education and research to be held in Tallinn and Tartu at noon on Thursday, reported LETA/BNS.

Latvia: In the 2nd quarter of 2019, hourly labour costs grew by 8.9%

Latvia: In the 2nd quarter of 2019, hourly labour costs grew by 8.9%

13.09.2019

Seasonally non-adjusted data of the Central Statistical Bureau (CSB) show that, compared to the 2nd quarter of 2018, in the 2nd quarter of 2019 hourly labour costs rose by 8.9% or 79 cents, reaching EUR 9.60. Seasonally adjusted data show increase of 7.0%.


There will be funds in next year's budget to keep minimum wage for teachers at EUR 750 - Suplinska

There will be funds in next year's budget to keep minimum wage for teachers at EUR 750 - Suplinska

03.09.2019

The ruling coalition has reached an agreement that the minimum monthly wage for teachers will be maintained at EUR 750 for the whole school year, and the necessary funds will be earmarked in next year's budget, said Education and Science Minsiter Ilga Suplinska (New Conservative Party) in an interview with the Latvian public television today referred LETA.

Latvia: Despite rising wages the pay gap remains significant

Latvia: Despite rising wages the pay gap remains significant

02.09.2019

Wages continue to grow in Latvia, and the average monthly gross wage of employees reached 1083 euro in the second quarter of 2019. The pace of remuneration growth is decelerating, reflecting the general trend observed in economic development. Despite the decreasing share of low-wage earners, the considerable differences in wages between industries and regions, however, remain.


29.08.2019

In the 2nd quarter, average gross earnings in Latvia amounted to EUR 1 083

Data of the Central Statistical Bureau (CSB) show that in the 2nd quarter of 2019, compared to the 2nd quarter of 2018, average monthly gross wages and salaries grew by 7.8% or EUR 78, reaching EUR 1 083 for full-time work. Just like in the 1st quarter of the year, annual growth rate of the 2nd quarter comprised 7.8%.

29.08.2019

Estonia: Wages are rising more slowly

Data from Statistics Estonia show the average gross wage in the second quarter of the year was 1419 euros, which was 7.4% more than a year earlier. The rate of growth was a little slower than in 2018. The growth in wages continues to be led by the public sector. The cooling in export markets will lead wages to rise even more slowly in future.

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