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Wage is one of the most important socio–economic factors that determine the rate of employment, quality of labour force, standard of living, as well as purchasing power in the country as a whole. The article provides 1) summary on the wage influencing factors regarding views of various economic schools, as well as 2) analysis of statistical indices that reveal dynamics of wages in the pre– and post–crisis periods in Latvia.

WAGE TRENDS IN LATVIA DURING THE DOWNTURN IN ECONOMY