Wages: Reaction to Crisis

365
DOI: 10.20542/0131-2227-2012-5-51-64

G. Monusova, Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO RAN), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation (g.monusova@gmail.com).


Abstract

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.


Keywords

world crisis, labor market, wages, wages dynamics, dismissions, working time reduction


Registered in System SCIENCE INDEX

For citation:
Monusova G. Wages: Reaction to Crisis. World Eсonomy and International Relations, 2012, No 5, pp. 51-64. https://doi.org/10.20542/0131-2227-2012-5-51-64



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Current Issue
2022, vol. 66, No. 6
Topical Themes of the Issue:
  •  China on the Eve of the 20th CPC Congress 
  •  2020 Elections: “Stress Test” for American Federalism 
  •  The Chancellor O. Scholz’s Policy in the Context of Global Transformation 
  •  The EU China Policy in the Making: The Role of Central and Eastern Europe 
  •  Pan-European Political Space: From Idea to Reality
View This Issue (2022, vol. 66, No. 6)
Submit an Article
NEW SECTION

In response to the challenges of our time the Editorial board continues to open new thematic rubrics:

“World Energy Sector after Pandemic”. We plan to publish articles presenting in-depth analysis of influence of Pandemic on the global energy sector and forecasts of further developments in its various branches.