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Whether Wages Should Accord with Labour Productivity: Spatial Perspective
[Должна Ли Согласовываться С Производительностью Труда Заработная Плата: Пространственный Аспект]

Author

Listed:
  • Rostislav Kirill

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The discrepancy between the wage index and the labor productivity index is often seen as a threat to the economic growth sustainability. Critics of linking the two indices emphasize that different deflators are used for them. The article clarifies and complements this criticism by pointing out three circumstances: differences in the share of non-market output, the volume index of which is obtained by extrapolating the number of employed; mismatch of production and consumption sites; unsatisfactory labor productivity as a measure of the contribution of labor costs to production.

Suggested Citation

  • Rostislav Kirill, 2021. "Whether Wages Should Accord with Labour Productivity: Spatial Perspective [Должна Ли Согласовываться С Производительностью Труда Заработная Плата: Пространственный Аспект]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 23-33, December.
    • Handle: RePEc:gai:recdev:r21130
    as

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    References listed on IDEAS

    as
    1. R. Kapeliushnikov., 2014. "Labor Productivity versus Labor Compensation: Some Simple Arithmetic," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
    2. R. Kapelyushnikov., 2009. "Productivity and Labor Compensation in Russia: How to Cope with Statistical Illusions," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 4.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    labour productivity; wages; non-market output; CPI; regional differences; labour quality; capital measurement;
    All these keywords.

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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