Amount of the minimum wage as a tool of social policy

Kookueva V.V.1
1 Российский экономический университет им. Г.В. Плеханова

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Journal paper

Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 4, Number 2 (April-June 2017)

Citation:

Kookueva, V. V. (2017). Amount of the minimum wage as a tool of social policy. Russian Journal of Labour Economics, 4(2), 73-84. https://doi.org/10.18334/et.4.2.38186

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=30042806
Cited: 4 by 07.12.2023

Abstract:
The article considers the issues of discrepancy between the minimum wage and constitutional guarantees, and the issues of non-fulfillment of social and protective functions. We show the statistics on the dynamics of the minimum wage, subsistence wage and consumer price index. We reveal the regions with the highest level of population with low incomes. We have conducted statistical analysis and correlation-regression analysis. We calculated that the amount of the minimum wage has no impact on per capita incomes. The analysis of correlation between the minimum wage and the unemployment rate does not allow drawing unequivocal conclusions. The author made a correlation-regression model of the dependence of the per capita income of the population on the size of the minimum wage and nominal wage. The author proved that the minimum wage has a small impact on income growth. This indicates a low social function of the minimum wage.

Keywords: minimum wage, subsistence wage, per capita income, unemployment, correlation-regression analysis

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References:

Gladkov N.G. (2010). MROT- konstitutsionnaya garantiya v sisteme zarabotnoy platy [Minimum wage - the constitutional guarantee in wages system]. Trud i sotsialnye otnosheniya. (11). 44-60. (in Russian).
Kookueva V.V. (2016). Metodologicheskie aspekty sootnosheniya minimalnogo razmera oplaty truda i prozhitochnogo minimuma v Rossii [Methodological aspects of the correlation of minimum wage and minimum subsistence level in Russia]. The successes of modern science. 1 (8). 85-89. (in Russian).
Занятость и безработица в Российской Федерации в июле 2016 годаФедеральная служба государственной статистики. (in Russian). Retrieved from http://www.gks.ru/bgd/free/B04_03/Iss
Официальные данные Росстата РоссииФедеральная служба государственной статистики. (in Russian). Retrieved from http://www.gks.ru

Смотрите также:

  To the question of regulation of the minimum social guarantee for payment in Russia (Зырянова И.И., Сочнева Е.Н.) Russian Journal of Labour Economics. Num. 3 / 2018

  Providing minimum wage guarantees at different levels of management: a corridor of opportunities or a vicious circle? (Меньшикова О.И.) Russian Journal of Labour Economics. Num. 3 / 2019

   The impact of the minimum wage on the labor market (Ивановская Л.А.) Russian Journal of Labour Economics. Num. 4 / 2016

  Methodical aspects of minimum wage regulation (Ильин А.Е., Сапрыкин А.В.) Russian Journal of Labour Economics. Num. 4 / 2017

  Differentiation of the minimum wage in the regions of the Great Urals (Обухович Н.В., Кузнецова К.И.) Russian Journal of Labour Economics. Num. 1 / 2018

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