The relationship of wages and productivity: trends in the conditions of economy digitization

Aranzhin V.V.1
1 Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский Томский государственный университет»

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Journal paper

Russian Journal of Labour Economics (РИНЦ, ВАК)
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Volume 6, Number 1 (January-March 2019)

Citation:

Aranzhin, V. V. (2019). The relationship of wages and productivity: trends in the conditions of economy digitization. Russian Journal of Labour Economics, 6(1), 523-534. https://doi.org/10.18334/et.6.1.39938

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=37307872
Cited: 46 by 30.01.2024

Abstract:
This article considers the link between wages and productivity; indicated other factors that affect productivity and possible trends in the effect of wages on productivity. The analysis of the correlation of wages and labour productivity in different groups of countries based on data of the International labour organization and the global innovation index 2018 is carried out. On the basis of the study confirmed a high level of correlation between wages and productivity. We also found that innovation in developed countries, the level of correlation is lower because they play a significant role, other factors increase labor productivity, including arising due to the intensive digitalization of the economies of these countries.

Keywords: innovation, productivity, wages, digital economy, factors of increase of labour productivity

JEL-classification: O31, J24, J30

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