Wages Level and Labor Productivity Relationship in Different Russian Economy Segments in 2004–2018
A V Vinogradova, J A Grinevich
A V Vinogradova
Available Online 17 March 2020.
- https://doi.org/10.2991/aebmr.k.200312.174How to use a DOI?
- The relationship between labor productivity, differentiation of wages of the population and a number of interdependent factors is an integral part of the development of long-term economic growth. Currently, the Russian economy does not have a direct relationship between wages and labor productivity in different sectors, while the rate of wage growth may not correspond to the growth of labor productivity, this tendency can have a negative impact on the result of economic activity. According to the labor productivity index, Russia lags far behind the EU countries (on average, throughout the economy by 2.9 times, and the most significantly in agriculture by 5.3 times), which necessitates the identification of cause-and-effect relationships between: wage growth rates and labor productivity, the impact of macroeconomic dynamics and foreign economic policy on the wage gap in various sectors of the economy.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - A V Vinogradova AU - J A Grinevich PY - 2020 DA - 2020/03/17 TI - Wages Level and Labor Productivity Relationship in Different Russian Economy Segments in 2004–2018 BT - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020) PB - Atlantis Press SP - 1264 EP - 1269 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200312.174 DO - https://doi.org/10.2991/aebmr.k.200312.174 ID - Vinogradova2020 ER -