Characteristics of industries determining high differentiation of wages in Russia
Research Article
How to Cite
Toksanbaeva M.S., Popova R.I. Characteristics of industries determining high differentiation of wages in Russia. Population. 2021. Vol. 24. No. 3. P. 162-174. DOI: https://doi.org/10.19181/population.2021.24.3.13 (in Russ.).
Abstract
The problem of reducing the differentiation of wages in Russia does not lose its relevance. The fund ratio is constantly decreasing, but still exceeds world standards. Its reduction due to growth of the minimum wage has already gone beyond acceptable boundaries. Beyond them, the qualifying wage differences decrease. Currently, they have already begun to contradict one of the fundamental functions of remuneration, namely the incentive function. This raises the question of finding opportunities to reduce the ratio of funds at the expense of wages in the 10th decile of the distribution. Wages in this decile were studied by industry (types of economic activity). Industries in which earnings in the 10th decile are higher than the average for the decile are selected for analysis. These industry earnings affect the value of the fund ratio, limiting its decline. The characteristics of the selected industries are reviewed. These are qualifications of personnel, financial and economic situation of enterprises, their form of ownership, and sectoral coefficient of funds. It has been established that the value of the fund ratio exceeding world standards is, in all likelihood, provided mainly by three industries. These include activities in the field of information and communication; financial and insurance activities; professional, scientific and technical activities. Administrative regulation of wages should be applied to the segments of these industries, where high wages are not consistent with the quality of services provided.
Keywords:
wages, differentiation, fund ratio, minimum wage, decile group, industry, type of economic activity, qualifications, form of ownership, regulation
References
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Article
Received: 28.05.2021
Accepted: 22.09.2021
Citation Formats
Other cite formats:
APA
Toksanbaeva, M. S., & Popova, R. I. (2021). Characteristics of industries determining high differentiation of wages in Russia. Population, 24(3), 162-174. https://doi.org/10.19181/population.2021.24.3.13
Section
EMPLOYMENT AND LABOR MARKET ISSUES
