Labour productivity-to-wages ratio in the economy of individual countries: assessment and management mechanism

Bogatyreva I.V.1, Ilyukhina L.A.1
1 Самарский государственный экономический университет, Russia

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Journal paper

Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 7, Number 2 (February 2020)

Citation:

Bogatyreva, I. V., & Ilyukhina, L. A. (2020). Labour productivity-to-wages ratio in the economy of individual countries: assessment and management mechanism. Russian Journal of Labour Economics, 7(2), 115-126. https://doi.org/10.18334/et.7.2.100572

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=42482118
Cited: 8 by 28.06.2023

Abstract:
The article is devoted to the problems of evaluating and managing the ratio of labour productivity growth and wages as the most important elements of the strategic development of economies around the world. Rationalization of this ratio is reflected in the cost of goods and services, profitability and efficiency of production. This explains the relevance of the study of the relationship between labour productivity and wages in the digital economy. The purpose of the study was to analyze and evaluate the ratio of labour productivity and wages at the inter-country level and develop a mechanism for managing it. The authors present the results of a study of the dynamics of labour productivity and wages for individual countries in the dynamics of 2014-2018. The indicators of the ratio of growth rates of average wages in the countries are calculated. Models of wages are described.

Keywords: labour productivity, wage, ratio of real wage, wage increase coefficient

JEL-classification: J24, J30, O57

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References:

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Zhang J., Liu X.. (2013). The evolving pattern of the wage–labor productivity nexus in China: Evidence from manufacturing firm-level data Economic Systems. (37). 354-368.

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