Template-type: ReDIF-Article 1.0
Author-Name: Rostislav Kirill
Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration
Title: Whether Wages Should Accord with Labour Productivity: Spatial Perspective
Title: Должна ли согласовываться с производительностью труда заработная плата: пространственный аспект
Abstract: The discrepancy between the wage index and the labor productivity index is often seen as a threat to the economic growth sustainability. Critics of linking the two indices emphasize that different deflators are used for them. The article clarifies and complements this criticism by pointing out three circumstances: differences in the share of non-market output, the volume index of which is obtained by extrapolating the number of employed; mismatch of production and consumption sites; unsatisfactory labor productivity as a measure of the contribution of labor costs to production.
Keywords: labour productivity, wages, non-market output, CPI, regional differences, labour quality, capital measurement
Classification-JEL: C43, E24, E25, E31, J31
Journal: Russian Economic Developments
Year: 2021
Issue: 12
Month: December
Pages: 23-33
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r21130.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:r21130