The Interaction between Public and Private Sector Wages-Reference-Cited by-同舟云学术

The Interaction between Public and Private Sector Wages

Published:2015-07-20 Issue:7 Volume: Page:120-141
ISSN:0042-8736
Container-title:Voprosy Ekonomiki
language:
Short-container-title:Vopr. èkon.

Author:

Ivanova M.¹

Affiliation:

1. Economic Expert Group (Moscow, Russia)

Abstract

This paper studies the interactions between private and public sector wages. We raise questions about co-movement of these variables and leadership in wage setting in the short and long run. Using statistical and econometric tools we find (1) a strong and positive correlation of public and private sector wages; (2) evidence of private wage leadership in the long run. However, in the short run there are feedback effects from public wage setting (under specific political decisions) to private sector wages that affect the international competitiveness of the Russian economy.

Publisher

NP Voprosy Ekonomiki

Subject

Economics and Econometrics,Finance

Reference23 articles.

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