E. Efimova, Council for Study of Productive Forces, 7, Vavilova Str., Moscow, 117997, Russian Federation (firstname.lastname@example.org)
The paper examines and compares the systems of minimum wage settings existing in foreign countries and the Russian Federation. The comparisons are made in the following directions: methods of minimum wage setting, coverage of the employees, frequency of adjustment and availability of sub-minimum rates for young workers. As a result of this analysis the author offers recommendations how to improve the mechanism for setting minimum wages in the Russian Federation at whole and its particular regions.
labor market, minimum wage, social standards, employment, competitiveness, reproduction of the labor force
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