Minimum wage and minimum wages in Russia

A. Lukiyanova
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A. Lukiyanova: National Research University Higher School of Economics, Moscow, Russia
Authors registered in the RePEc Author Service: Anna Lukyanova

Journal of the New Economic Association, 2018, vol. 37, issue 1, 176-186

Abstract: The author studies recent changes in the minimum wage policy in Russia. The year 2018 has become a turning point in the history of the minimum wage in Russia. The "bite" of the minimum wage has increased significantly making it binding for a large portion of workers. The legislation remains controversial with regard to the "northern" coefficients increasing the regulatory risks and threatening to undermine the system of minimum wage bargaining at the regional level due to the crowding-out effect. The minimum wage is currently set at a "reasonable" level concerning the national average and median wages. Direct costs of rising the minimum wage are small. However, the effect varies significantly across the regions - about one third of Russian regions will face a sharp increase in the share of workers at or below the minimum wage. The main financial burden of the minimum wage increase will be borne by regional and municipal budgets.

Keywords: minimum wage; labor market institutions; wage inequality; Russia (search for similar items in EconPapers)
JEL-codes: J31 J38 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2018:i:37:p:176-186

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