scholarly journals Reforming wage policy for workers towards living wage in Vietnam

2021 ◽  
Vol 6 ◽  
pp. 340-350
Author(s):  
Phuong Huu Tung
Keyword(s):  
Minimum Wage ◽  
High Efficiency ◽  
Secondary Data ◽  
Developed Countries ◽  
Scientific Basis ◽  
Policy Implications ◽  
Living Wage ◽  
Wage Policy ◽  
Positive Effects ◽  
Living Wages

Currently, in Vietnam, wage policy is implemented through an important tool, the minimum wage. However, the reality shows that the use of the minimum wage to pay employees is still inadequate and far from reality. Instead of using the minimum wage, a number of developed countries have recently used a new concept in wage policy making, which is “living wage” with high efficiency. In line with the trend of international integration, a living wage needs to be recognized and researched and applied in practice in Vietnam to bring about more positive effects, ensuring the life of workers and the whole country the sustainable development of the business. The article uses information and secondary data to analyze the current situation of minimum wages, scientific basis for living wages and policy implications to aim at workers with a living wage in the future.

scholarly journals living wage of workers in Vietnam

2021 ◽  
Vol 6 ◽  
Author(s):  
Phuong Huu Tung
Keyword(s):  
Sustainable Development ◽  
Minimum Wage ◽  
Policy Making ◽  
High Efficiency ◽  
Developed Countries ◽  
Living Wage ◽  
Wage Policy ◽  
Positive Effects ◽  
The World

Currently, Vietnam implements wage policy making through the important tool of minimum wage. However, the reality shows that the use of the minimum wage to pay employees is still inadequate and far from reality. Instead of using the minimum wage, a number of developed countries have recently used a new concept in wage policy making, which is “living wage” with high efficiency. In line with the trend of the world, the living wage needs to be recognized and researched and applied in practice in Vietnam to bring about more positive effects, ensuring the life of employees and the whole family. sustainable development of enterprises.

What’s in a name? From minimum wages to living wages in Europe

2019 ◽  
Vol 25 (3) ◽  
pp. 267-284 ◽  
Author(s):  
Thorsten Schulten ◽  
Torsten Müller
Keyword(s):  
Minimum Wage ◽  
National Level ◽  
Standard Of Living ◽  
Political Agenda ◽  
Living Wage ◽  
Significant Heterogeneity ◽  
Wage Policy ◽  
Eu Member States ◽  
The Past ◽  
Living Wages

The development of a European minimum wage policy is back on the political agenda. While in the past the debate about a European minimum wage policy was largely detached from developments at national level, more recently the debate has been based on various national-level initiatives to ensure a living wage that enables workers and their families to enjoy a decent standard of living. Based on an introduction to the living wage concept, this article analyses how recent living wage initiatives in several EU Member States and the development of a European minimum wage policy could mutually reinforce each other and eventually result in a European living wage policy. In view of the significant heterogeneity of minimum wage regimes and welfare state traditions across Europe, the article calls for a pragmatic approach that adopts a common European target of 60 per cent of the national median wage as the benchmark for an adequate minimum wage.

scholarly journals Assessing Minimum Wage Policy Implications upon Income Inequalities. The Case of Romania

2019 ◽  
Vol 11 (9) ◽  
pp. 2542
Author(s):  
Eva Militaru ◽  
Madalina Ecaterina Popescu ◽  
Amalia Cristescu ◽  
Maria Denisa Vasilescu
Keyword(s):  
Income Distribution ◽  
Minimum Wage ◽  
Sustainable Growth ◽  
Policy Implications ◽  
Wage Distribution ◽  
Distribution Analysis ◽  
Wage Policy ◽  
Income Inequalities ◽  
Wage Earners ◽  
The Impact

Starting from the consideration that excessive income inequalities could hamper sustainable growth, our paper aims to evaluate the impact of the minimum wage policy upon wage and income distributions. Using the European Union Survey on Income and Living Conditions (EU-SILC) database with national representative sample of households, an income distribution analysis was conducted for the case of Romania based on two microsimulation approaches. The first one assumed building a counterfactual income distribution under the hypothesis of no change in minimum wage, while the second one implied a decomposition of the Gini coefficient of income inequalities based on main income determinants, including the minimum wage level and the share of minimum wage earners in the total number of employees. Both approaches pointed to similar findings, indicating a positive effect of the minimum wage on wage inequalities reduction for both genders, although higher for women, as they are more present among lower paid employees. The minimum wage policy can reshape the wage distribution, by enlarging the share of minimum income earners and narrowing the middle. Moreover, the household disposable income becomes less unequal when minimum wage increases, meaning that the income gain spreads over the entire household as most minimum wage earners come from poor households with numerous children.

scholarly journals Development and expansion of born global firms in Serbia

Marketing ◽  
2021 ◽  
Vol 52 (2) ◽  
pp. 95-102
Author(s):  
Branko Rakita ◽  
Sanja Mitić
Keyword(s):  
Secondary Data ◽  
Developed Countries ◽  
Policy Implications ◽  
Born Global ◽  
Industry Location ◽  
Early Internationalization ◽  
Export Expansion ◽  
Important Research Topic ◽  
Significant Research ◽  
Born Global Firms

Early internationalization has been widely recognized as an important research topic since 1990s when the term "born global firms" was for the first time introduced. Although there is significant research interest for early internationalization in developed and developing countries, in Serbia and Western Balkan this topic has not received considerable attention from the scientific community. At the same time, early internationalization of small and medium-sized firms is present and can not be neglected in the region and Serbia. This paper aims to identify the main prerequisites for the development of born global firms, and to identify and analyze small and medium-sized firms from Serbia with international business orientation from their founding. The analysis will be conducted based on literature review and available secondary data on small and medium-sized firms and their export. In this way, the early-internationalized small and medium-sized firms from Serbia will be mapped. As there are no available databases, this research will provide first insight into the extent of early internationalization and emergence of born global firms, and their characteristics, regarding industry, location, number of employees, business experience, and export expansion. The results would be discussed in regard to the studies conducted in developed countries. Some policy implications in the area of export promotion will be recognized.

Do government expenditure reduce income inequality: evidence from developing and developed countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Noor Zahirah Mohd Sidek
Keyword(s):  
Developing Countries ◽  
Income Inequality ◽  
Driving Forces ◽  
Government Expenditure ◽  
Developed Countries ◽  
Policy Implications ◽  
Content Type ◽  
Positive Effects ◽  
The Impact ◽  
Developing And Developed Countries

Purpose This paper aims to re-examine the impact of government expenditure on income inequality. Existing studies provide mixed results on whether government expenditure reduces or increases income inequality. In this paper, government expenditure is viewed as a tool for redistribution, hence, its impact on inequality is examined. Design/methodology/approach A sample of 122 countries with 91 and 31 countries categorized as developing and developed countries is used. The dynamic panel threshold regression is used to examine the impact of government expenditure on income inequality and to estimate the turning point of the negative or positive effects. Findings The major findings suggest that, in general, government expenditure does reduce income inequality. Results from developed countries support the inversed U-shaped Kuznet curve where higher government expenditure initially led to more inequality but would eventually bring about a positive effect after a certain threshold level. For developing countries, education and development expenditure were the driving forces towards lower income inequality. Practical implications Several policy implications can be derived from this paper. First, government expenditure is a useful tool to alleviate the problem of income inequality. More integration with the global economy via trading activities is also an important channel to help reduce income inequality. Finally, better institutional quality provides an effective ecosystem in promoting better redistribution of income via government expenditure. Originality/value This paper presents a maiden attempt to estimate a threshold value or when government expenditure starts to reduce or increase income inequality. The sample is segregated into developed and developing countries to further control the effect of government size and the level of development of a country.

The toxic politicising of the National Minimum Wage

2017 ◽  
Vol 39 (6) ◽  
pp. 785-789 ◽  
Author(s):  
William Brown
Keyword(s):  
Labour Market ◽  
Minimum Wage ◽  
Design Methodology ◽  
Living Wage ◽  
Wage Policy ◽  
Successful Operation ◽  
Content Type ◽  
Original Analysis ◽  
Low Pay ◽  
Practical Implications

Purpose After 15 years of successful operation, the British Low Pay Commission’s management of the National Minimum Wage was threatened in 2015 by the government’s introduction the National Living Wage. The purpose of this paper is to consider the underlying principles of previous minimum wage fixing, and the additional thinking of the Living Wage Foundation and the review of the issue by the Resolution Foundation. Design/methodology/approach The paper draws on the 2016 reports of the Commission to argue that the two statutory wages are unavoidably interlinked and are tied to incompatible criteria. Findings The paper concludes that the predicted eventual impact of the National Living Wage on the labour market will be unsustainable. Research limitations/implications The paper is relevant to minimum wage research. Practical implications The paper is relevant to minimum wage policy. Social implications The paper is relevant to low pay policy. Originality/value The paper provides original analysis of minimum wage policy.

scholarly journals Minimum Wage Policy: Is There Any Impact on Low Skilled Workers in Electrical and Electronics Companies in Malaysia?

2021 ◽  
Vol 22 (1) ◽  
pp. 422-430
Author(s):  
Vally Senasi ◽  
Samihah Khalil @ Halim ◽  
Balakrishnan Parasuraman
Keyword(s):  
Minimum Wage ◽  
Labor Productivity ◽  
National Policy ◽  
Fringe Benefits ◽  
Skilled Workers ◽  
Wage Policy ◽  
Positive Effects ◽  
Strategic Plans ◽  
Industrial Zones ◽  
The Impact

Wage are the greatest pushing factor for many workers to work and positively relates to employee life satisfaction. Meanwhile, fringe benefits improve the skills and knowledge of workers and enhance the organization’s reputation. Minimum wage policies around the world uphold the principle to provide a basic living wage for their workers. Nevertheless, the impact of national minimum wage policy on Malaysian employees, in particular, was the least explored since enacted into law in 2012. This study examines the minimum- wage impact on low-level skilled workers in the electrical and electronics industry in Malaysia. Minimum wage can have an effect on labor productivity and fringe benefits, particularly training, allowances, and insurance, have become important research topics. As such, this research discusses the effect of minimum wages on labor productivity and fringe benefits of employees. A semi-structured survey questionnaire was distributed to 600 employees in electrical and electronics firms in Penang and Kulim Industrial Zones. Data from 432 questionnaires were quantitatively analyzed using Exploratory Data Analysis (EDA). The findings suggest that employers should make some adjustments in administering the wage scale due to the implementation of minimum wage national policy that has impacted firms’ costs and incomes. The results also found that the minimum wage affects labor productivity and wage differences among workers. Meanwhile, the minimum wage does not adversely affect the adjustments to the fringe benefits, except for the provision of training. This study recommends more strategic plans and negotiations between stakeholders on wage and fringe benefits that would warrant continuous positive effects for both workers and employers.

scholarly journals Marketing Capabilities of Early Internationalising Firms

2020 ◽  
Author(s):  
Sanja Mitić ◽  
Branko Rakita
Keyword(s):  
Research Question ◽  
Secondary Data ◽  
Developed Countries ◽  
Policy Implications ◽  
Primary Data ◽  
Marketing Capabilities ◽  
Western Balkans ◽  
Structured Interviews ◽  
Managerial Implications ◽  
Early Internationalisation

Research Question: The topic of this study is marketing capabilities of early internationalising firms from Serbia. Motivation: As marketing perspective was found to be important for understanding the early internationalisation phenomenon, the aim of this study is to shed light on the marketing capabilities of early internationalising firms from Serbia. This topic was widely examined in the developed countries, but there is an evident lack of research in developing countries, especially in the Western Balkans. Understanding the specifics of early internationalising firms can provide valuable policy and managerial implications for stimulating export activities of small and medium-sized firms. Idea: The idea of the paper is to identify the main marketing capabilities of early internationalising firms from Serbia.  Data: Primary data were collected through semi-structured interviews with the founders or managers of four firms from Serbia, over the period from August 2018 to January 2019. Tools: As this topic is not widely investigated in Serbia and other Western Balkan countries, a case study method was found to be appropriate. Primary data were completed with secondary data sources. Findings: The results show that in terms of marketing capabilities, early internationalising firms from Serbia express similar features as the ones already recognized in the literature. They develop differentiated, high quality and innovative products, specialized for a particular market niche or segment. Contribution: This study provides the results of the first primary research on the marketing capabilities of early internationalising firms from Serbia and offers valuable implications for managers, for developing an effective international marketing strategy, as well as policy implications for export support programmes and small and medium-sized firms’ policy.  

Living Wages and the Welfare State

2021 ◽  
Author(s):  
Shaun Wilson
Keyword(s):  
Political Economy ◽  
Welfare State ◽  
Minimum Wage ◽  
Living Wage ◽  
State Change ◽  
Basic Income ◽  
Living Wages ◽  
English Speaking ◽  
The Welfare State

Addressing the rapidly shifting politics of the minimum wage in six English-speaking countries, Shaun Wilson analyses minimum wage policies within a political-economy narrative. Topical and poignant, this book identifies the success of living wage campaigns as central to both welfare state change and alternatives to the Basic Income.

scholarly journals The Impact Of Bond Market On Capital Structure Determinants Among The Listed Construction Firm In Malaysia

2018 ◽  
Vol 5 (1) ◽  
pp. 7-13
Author(s):  
Hishan S Sanil ◽  
Siti Nur Adila Binti Naluwi ◽  
Suresh Ramakrishnan
Keyword(s):  
Capital Structure ◽  
Quantitative Research ◽  
Secondary Data ◽  
Developed Countries ◽  
The Body ◽  
Policy Implications ◽  
Construction Sector ◽  
Financing Decisions ◽  
Developed Economies ◽  
The Impact

In Malaysia, the construction sector is one industry that help in improving the economy and also the country's development. The construction sector is related to the success of any economy. On the other hand, it can serve as a kind of economic catalyst for developing and developed economies. It is because this sector plays a very important role in providing a better quality of life and wealth to the country. most contractors do not have sufficient capital, fixed assets and they are usually pretty self-construction equipment from the land or building to finance their businesses. Moreover, banks do not accept these assets as collateral acceptable to move the loan. Because without bank financing, the contractor will clearly find it more difficult to carry out their projects. This study contributes to the existing literature by addressing two important aspects as the body of knowledge and policy implications. Because most of the literature in the past focused on developed countries, this study fills the gap by providing new insights with regard to corporate financing decisions in the context of emerging markets. In addition, capital structure decisions is different because of different characteristics in all sectors. Thus, this study provides new empirical evidence and a better understanding of the capital structure of companies in the construction sector in Malaysia. This study used quantitative research method. A quantitative research is regularly associated with a deductive approach. This study based on secondary data extracted from various sources especially from Malaysia Stock Exchanges starting 2000 until 2015. As of March 2016, there was 36-Construction firms listed on the Burs Malaysia.

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