Calendar
Mon
Tue
Wed
Thu
Fri
Sat
Sun
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
    Google search
    News Feed
    Tag: database
    2 of August, 2017Research
    Poverty of Hungarian seventh grade students and its effect on their further education plans

    This paper examines the level of poverty among Hungarian seventh grade students and its effect on their future education plans. The data is based on the answers to a self-administered questionnaire of more than 9000 students from a research conducted by the Institute for Economic and Enterprise Research (IEER) in 2015. We find that a large group of students are deprived of basic necessities and that poor children plan to finish their studies earlier than non-poor children. Using mixed-effects regression models controlling for other possible factors affecting further education plans we show that the negative effect of poverty is substantial.

    Read more >>>

    30 of June, 2017Research
    Monthly Bulletin of Economic Trends

    Contents:

    • Corporate reactions to the raise of the minimum wage and the guaranteed minimum wage

    • Characteristics of the Russian economy

    • International trends

    Read more >>>

    6 of June, 2017Research
    Corporate reactions to the raise of the minimum wage and the guaranteed minimum wage

    This brief analysis is to study what steps national corporations have already taken or they plan to take in 2017 concerning minimum wage raise and the increased guaranteed minimum wage for the skilled workforce in 2017. In the analysis eight taken or due steps in 2017 will be examined: (1) to avoid wage disparity those earning beyond the level of minimum wage will have a wage increase: (2) planned staff recruitment will be cancelled; (3) there will be layoffs; (4) planned investments will be postponed; (5) the scope of activity and tasks of those employees affected by the wage increase will be modified; (6) the affected employees’ employment will become part-time employment; (7) the benefits of the affected employees will be cut; (8) variable pay/at-risk pay will be decreased (bonuses, on-target earnings).

    This study used the research conducted in April 2017 on corporate prosperity by HCCI (Hungarian Chamber of Commerce and Industry) IEER (Institute for Economic and Enterprise Research); during this research more than 3200 corporate leaders provided answers to the research questionnaire.

    Read more >>>

    2 of February, 2017Research
    Business perception of labor shortage in Hungary

    In its analysis the Institute for Economic and Enterprise Research (IEER) examined the perception of labor shortage among Hungarian companies. The analysis is based on the data of the October 2016 Business Climate Survey of 3185 companies among which 2980 answered questions related to recruiting difficulties, and labor and skill shortage. The analysis also covers how recruiting difficulties and expected investments, stock orders, and plans of salary increase are related. The results show that a growing number of Hungarian companies consider recruiting difficulties and labor shortage as an obstacle to business activity and two thirds of them expect that the problems related to this are going to worsen in 2017. The most prevalent problem mentioned by the companies is the recruitment of senior employees. Plans of salary increase and recruiting difficulties are positively related showing that salary increase is a possible way of adaptation to labor shortage among the Hungarian companies.

    Read more >>>

    7 of September, 2016Research
    Hungary is on the table September 2016

    Economic and social indicators can explicitly describe the economic situation and the potential improvements of a country, as well as they can be part of an international comparison. These 48 economic and social indicators compiled by IEER illustrate the most important economic processes and current situation of Hungary. They can also help us to evaluate Hungary in the regional contest and compare with its earlier performance. In the indicator-set yearly, quarterly and monthly data are available. The data collection was closed on 1st September.

    Labels and notes belonging to the graphs are in Hungarian.

    Read more >>>

    23 of August, 2016Research
    Results of the IEER SME Outlook Survey August 2016

    The results of the latest IEER SME Outlook business climate survey reveal less favourable economic conditions compared to the previous quarter: the Business Climate Index decreased from 31 to 27 points. Thus the upward trend since last October was broken. While enterprises regard their current situation more favourable compared to the previous quarter, they consider their future prospects more negatively than in April. It means that the SME sector predicts a turning point in the trends of domestic business climate.

    The Uncertainty Index is at a current level of 36 points, which is almost the same as the value measured in the preceding quarter (it was 37 points in April 2016). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all small and medium sized companies.

    Read more >>>

    20 of June, 2016Research
    The use of fringe benefits among Hungarian companies

    In its ongoing analysis of Hungarian companies, the Institute for Economic and Enterprise Research (IEER) examined the practices relating to the use of fringe benefits among domestic enterprises. The analysis is based on the data of the April 2016 Business Climate survey of 1,771 domestic enterprises employing at least one person; they were questioned in relation to the non-wage benefits they provide. The results show that 55% of companies with a minimum of one employee provided at least one form of fringe benefits in 2016, the most popular non-wage benefits being considered were local travel allowances and the Erzsébet vouchers (food coupons, but sometimes used for non-food purchases). The use of fringe benefits is associated with a company's size, the economic sector it operates in, and its level of foreign ownership, as well as a firm’s business situation: the highest proportion of those that provide fringe benefits are typically medium and large sized companies, those that are foreign-owned, firms operating in the manufacturing sector, and those in a good business situation. For 83% of responding companies, the amount allocated to fringe benefits has not changed over the past year, while for 7% it declined compared to the previous year, and 11% reported that it increased. Those raising fringe benefits were characteristically those in a good business situation and those companies that lifted wages in 2015. Overall, domestic enterprises consider the role of fringe benefits as having a medium effect when making their company attractive to employees.

    Read more >>>

    6 of June, 2016Research
    Results of the IEER SME Outlook Survey April 2016

    The results of the latest IEER SME Outlook business climate survey reveal more favourable economic conditions compared to the previous quarter: the Business Climate Index increased from 25 to 31 points, which is the highest value since the beginning of the research (January 2005). This value is far higher than the one in April 2015 (23 points). The Uncertainty Index is at a current level of 37 points, which is almost the same as the value measured in the preceding quarter (it was 38 points in April 2015). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all small and medium sized companies.

    Read more >>>

    15 of February, 2016Research
    Results of the IEER SME Outlook Survey January 2016

    The results of the latest IEER SME Outlook business climate survey reveal more favourable economic conditions compared to the previous quarter: the Business Climate Index increased from 20 to 25 points, which is the highest value since the beginning of the research (January 2005). This value is far higher than the one in January 2015 (16 points). The Uncertainty Index is at a current level of 37 points, which is almost the same as the value measured in the preceding quarter (it was 38 points in October 2015). The value of the Uncertainty Index indicates that the current trend is not uniform within the private sector, and that it will continue to be confined to one part of the economy and will not be felt by all small and medium sized companies.

    Read more >>>

    3 of February, 2016Research
    Plans for wage rises in the private sector, 2016

    In the course of its latest business climate survey HCCI Institute for Economic and Enterprise Research (IEER) examined potential changes in wages in the year 2016. According to our estimation enterprises plan raising gross salaries by 3.0-3.2%. This is an average wage growth, which slightly exceeds last year’s increase.

    Read more >>>