Wages: Sector-Specific Variations
Monitoring of Russia's Economic Outlook. Moscow. 2017. No. 21, pp. 20-23
4 Pages Posted: 22 Dec 2017
Date Written: December 19, 2017
If real wages continue to follow the ongoing trend, it would take three years for compensation of employees in the Russian economy to return to what it was prior to crisis. An analysis shows that wages have been hit hardest in state-financed sectors and in construction. In 2010–2014, wages rose considerably in education and healthcare. In 2017, wages in those sectors have turned out to be a tad higher than in 2010.
Keywords: Russian economy, wages
JEL Classification: M52
Suggested Citation: Suggested Citation