The Minimum Vital Income Determination: The Importance and the Effects on the Albanian Economy

Sorina Koti – University of Korca, Faculty of Economy, Bulevardi Rilindasit, 11, 7001, Korce, Albania

Abstract: The paper aims to analyze and determine the factors that affect the minimum vital income in Albania, as well as the importance in the so­cial-economy life. The paper will conduct research on different methods of determining the minimum vital income and the formula for calculating it. The minimum vital income is a legal norm that originates from the constitu­tional rights of citizens. In the formulation of the vital minimum, the objec­tive of ensuring the well-being of the individual must be taken into consider­ation and evaluated following the concept of human dignity provided for in the Constitution, in such a way that the individual, in addition to a dignified life, is given access to at least minimum in cultural, social and political life.

Hence, the paper will analyze the main indicators; it will give a comparison between the minimum vital income and wage, as well as, it will determine the value of the minimum vital income for Albania, based on the chosen for­mula (research on international literature and institutions). At the end, the research will conclude with the importance of setting a minimum vital in­come in Albania, as a way for overcoming the poverty level.

8th International Scientific Conference – EMAN 2024 – Economics and Management: How to Cope With Disrupted Times, Rome, Italy, March 21, 2024, CONFERENCE PROCEEDINGS, published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-83-7, ISSN 2683-4510, DOI: https://doi.org/10.31410/EMAN.2024

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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