Wage determination and wage inequality inside a Russian firm in late transition: Evidence from personnel data - 1997 to 2002
Thomas Dohmen,
Hartmut Lehmann () and
Mark Schaffer ()
Working Papers from Dipartimento Scienze Economiche, Universita' di Bologna
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.
Date: 2007-09
New Economics Papers: this item is included in nep-lab and nep-tra
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Related works:
Working Paper: Wage Determination and Wage Inequality Inside a Russian Firm in Late Transition: Evidence from Personnel Data - 1997 to 2002 (2007) 
Working Paper: Wage determination and wage inequality inside a Russian firm in late transition: Evidence from personnel data - 1997 to 2002 (2007) 
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Persistent link: https://EconPapers.repec.org/RePEc:bol:bodewp:606
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