Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)

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Study of the Interrelation between the Dynamics of Wages in the Public and Private Economy Sectors

Authors
Aleksandr Myasnikov, Anna Orlova, Gennady Kryksin
Corresponding Author
Aleksandr Myasnikov
Available Online 17 December 2020.
DOI
10.2991/aebmr.k.201215.009How to use a DOI?
Keywords
intersectoral wage gap, regional differences, the public sector
Abstract

In this study, the authors analyzed the availability and degree of interrelation between salaries of the budget and private economy sectors in the regional context based on data from 2013 to 2020. Dynamic and graphical analysis of the relationship between wages in the public and private economy sectors indicates that there is a correlation between them, which differs in regions. Regions with low average wages and a low intersectoral wage gap have a high share of “ukazniki”1 in the total number of employees in the region’s economy. Over the long-term, the private sector is the leader in wage dynamics, while the budget sector is only the follower. This is consistent with the “May” executive order of the President of the Russian Federation on ensuring and maintaining equality of salaries of “ukazniki” to the average level in the region’s economy, including in the long term. In the short term, the wage level in the private sector depends on wages in the public sector. Private sector decisions are more flexible than state decisions that are regulated by the Budgetary Code of the Russian Federation. In regions of the Russian Federation with a high share of employees in the public sector and a low intersectoral wage gap, the dynamics of wages has an impact on the private sector. With a growing wage gap and decrease in the share of “ukazniki” the impact of changes in the salaries of the budget sector on the private sector is decreasing.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 December 2020
ISBN
10.2991/aebmr.k.201215.009
ISSN
2352-5428
DOI
10.2991/aebmr.k.201215.009How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Aleksandr Myasnikov
AU  - Anna Orlova
AU  - Gennady Kryksin
PY  - 2020
DA  - 2020/12/17
TI  - Study of the Interrelation between the Dynamics of Wages in the Public and Private Economy Sectors
BT  - Proceedings of the 8th International Conference on Contemporary Problems in the Development of Economic, Financial and Credit Systems (DEFCS 2020)
PB  - Atlantis Press
SP  - 39
EP  - 45
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201215.009
DO  - 10.2991/aebmr.k.201215.009
ID  - Myasnikov2020
ER  -