E. Efimova, Council for Study of Productive Forces, 7, Vavilova Str., Moscow, 117997, Russian Federation (firstname.lastname@example.org)
Abstract. 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.
Keywords: labor market, minimum wage, social standards, employment, competitiveness, reproduction of the labor force
Registered in System SCIENCE INDEX