Author : Gregory J. Brock
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Book Synopsis Wage Determination in Urban Russia by : Gregory J. Brock
Download or read book Wage Determination in Urban Russia written by Gregory J. Brock and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stochastic frontier wage equation is employed to examine labor-market efficiency and estimate workers' potential wages in Russia after a decade of economic reforms using a nationally representative household survey. Dynamic monopsony underpayment, defined as the differences between the highest wage a worker with given characteristics could earn and the worker's actual wage, is a significant factor lowering real wages. The estimated degree of underpayment differs significantly depending on gender and substantially exceeds the estimates for Western economies. Workers' potential wages are elastic with respect to the local cost of living. Women's mean potential wage is only 58% of men's.