G. Monusova, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (email@example.com).
In the present article, with use of mathematical methods, the wages dynamics in OECD countries and in Russia in 2000–2009 is demonstrated; its connection with GDP changes is examined in the context of other labor market quantitative indices; the influence of labor market institutes on the rates of increase in wages during crisis is considered. The explanation of reasons for cross-country diversity in real wages dynamics is given. It is concluded, that in the recession period the wages in most countries preserved the katabasis rigidity.
world crisis, labor market, wages, wages dynamics, dismissions, working time reduction
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