Whether Wages Should Accord with Labour Productivity: Spatial Perspective

Должна ли согласовываться с производительностью труда заработная плата: пространственный аспект

Kirill Rostislav

Russian Economic Development, 2021, issue 12, 23-33

Abstract: The discrepancy between the wage index and the labor productivity index is often seen as a threat to the economic growth sustainability. Critics of linking the two indices emphasize that different deflators are used for them. The article clarifies and complements this criticism by pointing out three circumstances: differences in the share of non-market output, the volume index of which is obtained by extrapolating the number of employed; mismatch of production and consumption sites; unsatisfactory labor productivity as a measure of the contribution of labor costs to production.

Keywords: labour productivity; wages; non-market output; CPI; regional differences; labour quality; capital measurement (search for similar items in EconPapers)
JEL-codes: C43 E24 E25 E31 J31 (search for similar items in EconPapers)
Date: 2021
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