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The System of Low Wages as the Institutional Trap of Postsocialistic Economy

Author

Listed:
  • Pliskevich, N.

    (Institute of Economy RAS, Moscow, Russia)

Abstract

The 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.

Suggested Citation

  • Pliskevich, N., 2010. "The System of Low Wages as the Institutional Trap of Postsocialistic Economy," Journal of the New Economic Association, New Economic Association, issue 5, pages 126-146.
  • Handle: RePEc:nea:journl:y:2010:i:5:p:126-146
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    File URL: http://www.econorus.org/repec/journl/2010-5-126-146r.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. A. Yakovlev., 2008. "Overcoming Stereotypes," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 11.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    institutional trap; wage; social sphere; social policy; productivity of labour; power-property; paternalism;

    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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