REGIONAL MINIMUM SALARY IN RUSSIA: ECONOMETRIC ANALYSIS
S.D. Kapelyuk
Siberian University of Consumer Cooperation, Novosibirsk
Keywords: regional minimum salary, minimum monthly wage, regional agreements, econometric analysis, Russia
Abstract
Currently regional minimum salary is the only way of labour market regulation on regional level in Russia. However, procedure and effects of regional minimum salary determination are not examined enough. We prepared a data base for all regional minimums, effective in Russia in 2007-2012. On the basis of econometric analysis we revealed main factors defining minimum wage rate in the region. Gross regional product per capita, profit of organizations, price differences, demographic, climatic and political factors should be noted as the most significant factors.
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