Wage determination and wage inequality inside a Russian firm in late transition: Evidence from personnel data - 1997 to 2002

Dohmen, Thomas ; Lehmann, Hartmut ; Schaffer, Mark E. (2007) Wage determination and wage inequality inside a Russian firm in late transition: Evidence from personnel data - 1997 to 2002. Bologna: Dipartimento di Scienze economiche DSE, p. 40. DOI 10.6092/unibo/amsacta/4667. In: Quaderni - Working Paper DSE (606). ISSN 2282-6483.
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Abstract

We use personnel data from a Russian firm for the years 1997 to 2002 to study the determinants of wages during transition. Our findings indicate that remuneration is not predetermined by formal rules and a stable institutionalized structure of wages, but rather that local labor market conditions have a strong impact on wage setting at the firm level. In particular, we document that real wages fall substantially during a period of high inflation and worsening local labor market conditions. Relative wage decreases are most pronounced for employees who initially earned the highest rents. The process of rent extraction leads to a strong compression of real wages and real compensation at the firm.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Dohmen, Thomas
Lehmann, Hartmut
Schaffer, Mark E.
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
26 Feb 2016 08:45
Ultima modifica
26 Feb 2016 08:45
URI

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