 Well-Being and Wage Arrears in Russian Panel DataAndrew Clark and Mathilde Maurel Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики, 2001, vol. 5, issue 2, 179-183 Abstract: This paper attempts to estimate the impact of wage arrears on subjective well being, as measured by the RLMS (Russian Longitudinal Monitoring Survey). This latter is a comprehensive survey, conducted from 1992 up to 1998, on a representative sample of Russian households and individuals. The results are unambiguous: working with wage arrears implies a clear fall in satisfaction. We are able to calculate the shadow price of wage arrears, that is the increase in wages which would place an individual with wage arrears on the same indifference curve as an individual without such arrears. Another result, on the face of it more puzzling, is that the level of satisfaction provided by a job with arrears is lower than that provided by inactivity (although higher than that provided by unemployment). We suggest some explanations which we will test in further work. Sub-regressions show that the psychological impact of wage arrears is greater for men and less well-educated workers, and smaller for women and better-educated workers. Date: 2001 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:scn:025886:16537841 Access Statistics for this article More articles in Higher School of Economics Economic Journal Экономический журнал Высшей школы экономики from CyberLeninka, Федеральное государственное автономное образовательное учреждение высшего образования «Национальный исследовательский университет «Высшая школа экономики» |
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