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Compensation and the Quality of the Labor Force in Russia

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  • E. S. Uzyakova

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

— The article is devoted to the study of the qualification properties of the Russian labor market, the analysis of the level of wages in various sectors of the economy, including in terms of the ratio of industry wages in Russia and the United States. As part of the analysis, types of activities are distinguished, with relatively lower wages and lower labor productivity, confirms the validity of the thesis of insufficient labor efficiency in conditions of low wages. Eliminating disproportions in the wage levels of workers in the sectors with the lowest level of labor productivity (compared to the proportions emerging for these sectors in developed countries) will have the greatest impact on increasing labor productivity in the economy as a whole. Due to this factor, it is possible to ensure an increase in total labor productivity by 17.9% in the next five years.

Suggested Citation

  • E. S. Uzyakova, 2023. "Compensation and the Quality of the Labor Force in Russia," Studies on Russian Economic Development, Springer, vol. 34(4), pages 507-515, August.
    • Handle: RePEc:spr:sorede:v:34:y:2023:i:4:d:10.1134_s1075700723040159
    DOI: 10.1134/S1075700723040159
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
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