Correlation of labor productivity and wage growth rates in the Russian economy: trends and prospects
https://doi.org/10.53315/2949-1177-2023-2-1-56-65
Abstract
The article considers the ratio of the growth rates of labor productivity and wages in dynamics for the period 2002-2021 in the Russian Federation. The work is based on the use of such statistical research methods as: tabular and graphical method, absolute and relative values, analysis of indicators of the dynamic’s series. The article is written on the database of the Federal State Statistics Service. Increasing labor productivity is one of the national goals of the Russian Federation, reflected in the corresponding national project – «Labor productivity and employment support». It was found that in 2002-2021, the economy as a whole experienced unidirectional change in accrued wages and labor productivity (except for 2009, 2015, 2020); at the same time, accrued wages grew at a higher rate than labor productivity (this may be due to the fact that the analysis is conducted on a nominal wage indicator).
About the Authors
E. V. TakmakovaRussian Federation
Doctor of Economics, Professor
Orel
A. G. Zaitsev
Russian Federation
Doctor of Economics, Professor
Elista
D. B. Batyreva
Russian Federation
Candidate of Economic Sciences, Associate Professor
Elista
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Review
For citations:
Takmakova E.V., Zaitsev A.G., Batyreva D.B. Correlation of labor productivity and wage growth rates in the Russian economy: trends and prospects. Economic policy and financial resources. 2023;2(1):56-65. (In Russ.) https://doi.org/10.53315/2949-1177-2023-2-1-56-65