Abstract

Household incomes are extremely sensitive to unfavorable developments in the economy, as well as to the dysfunctions of the national and world market. The gap between the incomes of Romanians and those of other Europeans is determined by the differences regarding the level and structure of employment but also by the salary policies adopted. The shock caused by the COVID-19 pandemic and the war in Ukraine have exposed the structural vulnerabilities of the economy, including persistent poverty and disparities in economic opportunities across regions and between urban and rural areas, structural rigidities in the labour market, weak fiscal policy and constraints significant institutional that affect the efficient use of resources. Poor and vulnerable households have been disproportionately affected by rising food and energy prices.

Keywords

standard of living, families of employees, income, expenses