The System of Low Wages as the Institutional Trap of Postsocialistic Economy
AbstractThe article is devoted to one of the key institutional traps of the economy in transition. Namely to dominated since the Soviet period system of low wages linked inseparably with the configuration of the social sphere. The author considers the construction as before puts obstacles in the way of modernization, keeping up non-effective balance of the system that prevents form qualitative growth of labour productivity.
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Bibliographic InfoArticle provided by New Economic Association in its journal Journal of the New Economic Association.
Volume (Year): (2010)
Issue (Month): 5 ()
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institutional trap; wage; social sphere; social policy; productivity of labour; power-property; paternalism;
Find related papers by JEL classification:
- J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
- J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
- B5 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
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