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Wage policies of a Russian firm and the financial crisis of 1998: Evidence from personnel data - 1997-2002

Author

Listed:
  • Schaffer M.E.
  • Dohmen T.J.
  • Lehmann H.

    (ROA)

Abstract

We use a rich personnel data set from a Russian firm for the years 1997 to 2002 to analyze how the firm adjusts wages and employment during this period in which local labor market conditions changed in the aftermath of the financial crisis in 1998. We relate the development of turnover and wages for various employment categories to alternative models of wage and employment determination. We argue that the firms behavior is consistent with the predictions of efficiency wage models of the shirking and turnover type.

Suggested Citation

  • Schaffer M.E. & Dohmen T.J. & Lehmann H., 2013. "Wage policies of a Russian firm and the financial crisis of 1998: Evidence from personnel data - 1997-2002," ROA Research Memorandum 012, Maastricht University, Research Centre for Education and the Labour Market (ROA).
  • Handle: RePEc:unm:umaror:2013012
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    References listed on IDEAS

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    1. repec:mup:actaun:actaun_2018066010263 is not listed on IDEAS
    2. Thomas Dohmen & Hartmut Lehmann & Anzelika Zaiceva, 2008. "The Gender Earnings Gap inside a Russian Firm: First Evidence from Personnel Data - 1997 to 2002 ; Updated Version," ESCIRRU Working Papers 6, DIW Berlin, German Institute for Economic Research.
    3. Grund, Christian & Hofmann, Tanja, 2017. "The Dispersion of Bonus Payments within and between Firms," IZA Discussion Papers 10642, Institute of Labor Economics (IZA).
    4. repec:nea:journl:y:2018:i:37:p:203-212 is not listed on IDEAS
    5. repec:spr:jlabre:v:38:y:2017:i:3:d:10.1007_s12122-017-9254-7 is not listed on IDEAS

    More about this item

    Keywords

    Labor Demand; Wage Level and Structure; Wage Differentials; Socialist Systems and Transitional Economies: Factor and Product Markets; Industry Studies; Population;

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population

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