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Article

Гибкость реальной заработной платы в России: сравнительный анализ

Вакуленко Е. С., Гурвич Е. Т.

Elasticity of real wages with respect to unemployment is measured  for Russia. The estimates are compared to those obtained for a sample of advanced and  transition countries by other authors. In order to make our conclusions more robust 3  different specifications are used to construct ‘wage Phillips curve’. One model draws  on data by region, two others draw on country-wide series. We find that regardless of  the econometric specification real wage elasticity in Russia exceeds by far elasticity in  all (or almost all) other countries for which comparable estimates are available. This  evidences that high wage flexibility is an important salient feature of the Russian labor  market. We  obtain  thus  an  explanation  to  the