Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Wages Level and Labor Productivity Relationship in Different Russian Economy Segments in 2004–2018

Authors
A V Vinogradova, J A Grinevich
Corresponding Author
A V Vinogradova
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.174How to use a DOI?
Abstract
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.
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Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.174How to use a DOI?
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  -